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

20422 Friesian Trail Humble, TX 77338

4 Beds 3 Baths 2,608 sqft Built 2013

$231,500

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $88.77
  • 4 Days on Market
  • MLS # : 76971679
  • Updated Date : 01/09/2021 at 08:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,608 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Associates

Listing Agent's Description

Location Location Location!!! Easy access to Hwy 59, Hwy 45 and Bush International Airport. Dining, shopping and outdoor activities are within minutes from this location. Adorable 2 story home with 4 bedrooms, 2 1/2 baths. Hurry! Schedule your private tour today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Saddle Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k255k

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

Neighborhood: Saddle Ridge

NeighborhoodNIR 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
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
4
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 60
4
GreatSchools Rating

Nimitz Ninth Grade School

  • Education Level: High
  • # of students: 692
  • # of teachers: 51
2
GreatSchools Rating
 

$208,350$254,650$231,500

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$804
Property Tax -$584
Property Insurance -$203
HOA -$29
Property Management Fees -$99
CASH FLOW
$61

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.

$231,500

PROJECTED PRICE

$1,780

PROJECTED RENT

0.77%

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,098

INVESTMENT

$67,098

Down Payment
$57,875
Rehab Estimate
$5,750
Closing Costs
$3,473

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$804

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,875
Loan Amount $173,625
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,506

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7803$1,8104$1,8255$1,885
$1,885
RENT COMPS ANALYSIS
  • 20422 Friesian Trail Humble, TX 2
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.68
    •  
  • 20215 Palomino Ridge Drive Humble, TX 1
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 21202 Allenham Court Humble, TX 3
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.71
    •  
  • 7435 Seabiscuit Bay Ln Humble, TX 4
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2017
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.72
    •  
  • 7103 Foxwalk Lane Humble, TX 5
    • 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.70
    •  
PROPERTY LISTING DETAILS
Hanh Nguyen
1.281.301.9339
Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 76971679
Last Updated: 01/09/2021
BESbswy