Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

19910 Bettencourt Lane Houston, TX 77073

4 Beds 3 Baths 1,811 sqft Built 2006

$192,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $106.02
  • 5 Days on Market
  • MLS # : 85753199
  • Updated Date : 02/26/2021 at 20:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intercontinental Properties

Listing Agent's Description

A nice home. big back yard, owner living in sine home brand new. Good neighborhood, Close FM I-45, Hardy TollRoad, Bellway 8. All 4 bedrooms in up stair. Seller leave Refrigerator with home, and change new carpet .

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Houston metro's economy is worth $544.6 billion in Gross Metro Product and projected to grow to $580 billion in 2019 (USMayors.org, 2018)
  • Houston metro has 63.4% labor force participation rate higher than the national rate 62.8%. The participation rate is expected to grow to 63.6% in 2020 (USMayors.org, 2018)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77073

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 77073

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8981677

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Parker Intermediate School Primary Regular 998 53 4
Lewis Middle School Middle Regular 1,025 64 4
Davis Senior High School High Regular 2,542 149 2

Parker Intermediate School

  • Education Level: Primary
  • # of students: 998
  • # of teachers: 53
4
GreatSchools Rating

Lewis Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 64
4
GreatSchools Rating

Davis Senior High School

  • Education Level: High
  • # of students: 2,542
  • # of teachers: 149
2
GreatSchools Rating
 

$172,800$211,200$192,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$667
Property Tax -$521
Property Insurance -$150
HOA -$34
Property Management Fees -$99
CASH FLOW
$79

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$192,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,630

INVESTMENT

$56,630

Down Payment
$48,000
Rehab Estimate
$5,750
Closing Costs
$2,880

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,000
Loan Amount $144,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$6,855

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,550

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,625

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5253$1,5454$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 19910 Bettencourt Lane Houston, TX 4
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 19438 Archer Glen Drive Houston, TX 1
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2015
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.88
    •  
  • 1438 Hade Falls Lane Houston, TX 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2005
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 1511 Oxberg Trail Houston, TX 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2005
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.86
    •  
  • 19911 Tunham Trail Houston, TX 5
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2005
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Dao Vo
1.713.890.2345
Intercontinental Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 85753199
Last Updated: 02/26/2021
BESbswy