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2026 Wooded Oaks Drive Humble, TX 77396

3 Beds 2 Baths 1,631 sqft Built 2005

$182,500

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $111.89
  • 2 Days on Market
  • MLS # : 11433516
  • Updated Date : 03/06/2021 at 18:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 2 full
Listing Agent

Realty Associates

Listing Agent's Description

Light and bright home with a great location. Large family room. Island kitchen. Primary bedroom is separate from the secondary bedrooms. Large walk-in closet. Primary bathroom has separate garden tub and shower. Spacious secondary bedrooms. Fresh interior/exterior paint. Carpet recently replaced. Ceiling fans in all bedrooms. Excellant location...dead end street and no back neighbors. Minutes to IAH, shopping and dining. Don't miss this one.

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

Zip Code: 77396

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k255k

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

Zip Code: 77396

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101714

* 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
River Pines Elementary School Primary Regular 714 51 3
Ross Sterling Middle School Middle Regular 878 62 4
Humble High School High Regular 1,615 112 3

River Pines Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 51
3
GreatSchools Rating

Ross Sterling Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 62
4
GreatSchools Rating

Humble High School

  • Education Level: High
  • # of students: 1,615
  • # of teachers: 112
3
GreatSchools Rating
 

$164,250$200,750$182,500

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$634
Property Tax -$501
Property Insurance -$137
HOA -$34
Property Management Fees -$99
CASH FLOW
$75

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.

$182,500

PROJECTED PRICE

$1,480

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 5.1%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,113

INVESTMENT

$54,113

Down Payment
$45,625
Rehab Estimate
$5,750
Closing Costs
$2,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$634

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,625
Loan Amount $136,875
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$6,469

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5503$1,5504$1,5755$1,625
$1,625
RENT COMPS ANALYSIS
  • 2026 Wooded Oaks Drive Humble, TX 1
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.91
    •  
  • 9315 Mill View Lane Humble, TX 2
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 9410 Shaded Pines Drive Humble, TX 3
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 9322 Cold River Court Humble, TX 4
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2007
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.00
    •  
  • 2406 Lynx Stone Court Humble, TX 5
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2016
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
PROPERTY LISTING DETAILS
Donna Shafer
1.281.748.0225
Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11433516
Last Updated: 03/06/2021
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