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20015 Atasca Villas Drive Humble, TX 77346

3 Beds 2 Baths 1,669 sqft Built 1996

$185,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $110.84
  • 3 Days on Market
  • MLS # : 66999553
  • Updated Date : 02/06/2021 at 14:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

ATTRACTIVE 1 STORY/PATIO HOME AT THE GOLF VILLAS OF ATASCOCITA/LIGHT AND BRIGHT OPEN CONCEPT KITCHEN/FAMILY ROOM/LOTS OF CABINETS AND COUNTER SPACE/DINING ROOM ENHANCED BY LARGE GLASS BLOCK WINDOW/BEAUTIFUL PORCELAIN TILE AND PLANTATION SHUTTER THROUGHOUT/SPLIT PLAN/GORGEOUS LANDSCAPING WITH SPRINKLER/HOME IS IN EXCELLENT CONDITION!

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kings River Villas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k305k

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

Neighborhood: Kings River Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10032063

* 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
Pine Forest Elementary School Primary Regular 659 40 7
Atascocita Middle School Middle Regular 1,161 66 6
Atascocita High School High Regular 3,214 182 6

Pine Forest Elementary School

  • Education Level: Primary
  • # of students: 659
  • # of teachers: 40
7
GreatSchools Rating

Atascocita Middle School

  • Education Level: Middle
  • # of students: 1,161
  • # of teachers: 66
6
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$643
Property Tax -$384
Property Insurance -$140
HOA -$25
Property Management Fees -$99
CASH FLOW
$159

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$185,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$12,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4994$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 20015 Atasca Villas Drive Humble, TX 2
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 19607 Pine Echo Drive Humble, TX 1
    • 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1977
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 8610 Timber View Drive Humble, TX 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1979
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.87
    •  
  • 8618 Summit Pines Drive Humble, TX 4
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 1993
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 20123 Glen Burn Court Humble, TX 5
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2002
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Chad Maxwell
1.713.702.0766
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 66999553
Last Updated: 02/06/2021
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