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20110 Leafpark Lane Humble, TX 77338

4 Beds 3 Baths 2,300 sqft Built 2005

$199,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

$58,724

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.9%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$1,416
Value Increase	$16,185

10 YEAR

Cash On Cash	-2.0%
Total Return	12.3%

PROPERTY INFO

SINGLE-FAMILY

March 06, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2005
Price/Sqft : $86.91
2 Days on Market
MLS # : 96672235
Updated Date : 03/06/2021 at 17:55

CONSTRUCTION

Beds : 4
Floor Size : 2,300 sqft
Baths : 2 full , 1 half

Listing Agent

Jla Realty

Listing Agent's Description

HOME NEVER FLOODED!! NO BUSTED PIPES DURING THE FREEZE!!Well maintained updated with beautiful granite, stainless appliances, stone and glass backsplash, all wood floors downstairs. NEW ROOF installed in 2021!! NEW WINDOW SCREENS!! Huge Living/Den and oversized primary bedroom with 2 walk in closets and sitting area. All other bedrooms are spacious and yard has plenty space for a nice size pool. Don't miss out on this great opportunity to own this spacious home. Call me or your agent to schedule a showing. Won't last

20110 Leafpark Ln

Humble, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Zip Code: 77338

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

Zip Code: 77338

* 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
Jones Elementary School	Primary	Regular	1,105	60	4
Teague Middle School	Middle	Regular	896	60	4
Nimitz Ninth Grade School	High	Regular	692	51	2

Jones Elementary School

Education Level: Primary
# of students: 1,105
# of teachers: 60

GreatSchools Rating

Teague Middle School

Education Level: Middle
# of students: 896
# of teachers: 60

GreatSchools Rating

Nimitz Ninth Grade School

Education Level: High
# of students: 692
# of teachers: 51

GreatSchools Rating

FINANCIALS

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$179,910$219,89000$199,900

PURCHASE PRICE

$1,458$1,78200$1,620

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,620
EXPENSES	Loan Payment	-$694
	Property Tax	-$501
	Property Insurance	-$183
	HOA	-$25
	Property Management Fees	-$99



CASH FLOW $118

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.

$199,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.99%
Appreciation Year (1-5)	7.9%
Maintenance Year (1-5)	8.00%
Vacancy	8.01%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$58,724

Down Payment	$49,975
Rehab Estimate	$5,750
Closing Costs	$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$49,975
Loan Amount	$149,925

See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$9,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,620
LIST RENT
$0.7
LIST RENT PER SQFT

$1,662
COMP ESTIMATED VALUE
$0.72
COMP AVG. RENT PER SQFT

Comps Range

$1,620

1$1,6202$1,6503$1,6804$1,7505$1,750

$1,750

RENT COMPS ANALYSIS

2,300
PROPERTY SQFT
$0.72
AVG RENT PER SQFT
$1,662
ESTIMATED VALUE
$1,620
LIST RENT

20110 Leafpark Lane Humble, TX 3

4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005
Price

Price Per SQFT

$199,900

$86.91
20007 Squire Place Drive Humble, TX 1

3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2010
SOLD 09/10/20
Price

Price Per SQFT

$170,000

$79.40
9023 Farm Ridge Lane Humble, TX 2

4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
SOLD 06/30/20
Price

Price Per SQFT

$185,000

$81.86
9111 Serena Lane Humble, TX 4

4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
SOLD 11/03/20
Price

Price Per SQFT

$200,000

$88.50
9038 Grackle Run Lane Humble, TX 5

4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2005
SOLD 11/16/20
Price

Price Per SQFT

$223,000

$95.96

20110 Leafpark Lane Humble, TX 1

4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005
Rent

Rent Per SQFT

$1,620

$0.70
9011 Aspen Trace Lane Humble, TX 2

4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006
LEASED 10/31/20
Rent

Rent Per SQFT

$1,650

$0.70
9031 Aspen Trace Lane Humble, TX 3

4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2006
LEASED 12/06/20
Rent

Rent Per SQFT

$1,680

$0.72
9002 Plume Tree Drive Humble, TX 4

4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2007
LEASED 07/31/20
Rent

Rent Per SQFT

$1,750

$0.70
9111 Serena Lane Humble, TX 5

4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
LEASED 03/24/20
Rent

Rent Per SQFT

$1,750

$0.77

PROPERTY LISTING DETAILS

Denia Bennett
1.832.338.0468
Jla Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 96672235
Last Updated: 03/06/2021

20110 Leafpark Lane Humble, TX 77338

$199,900

$1,620

$58,724

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Jones Elementary School

Teague Middle School

Nimitz Ninth Grade School

FINANCIALS

$179,910$219,89000$199,900

$1,458$1,78200$1,620

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$199,900

$1,620

0.81%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$694

4.83

$9,884

$199,900

$86.91

$198,789

$86.43

COMPS RANGE

PRICE COMPS ANALYSIS

$1,620

$0.7

$1,662

$0.72

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS