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20711 Laura Lee Lane 
Porter, TX
77365
4 Beds 4 Baths 2,893 sqft
Built 2009
INVESTimate
$280,000
List Price
$79,950
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PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $96.79
- 3 Days on Market
- MLS # : 83034918
- Updated Date : 08/24/2020 at 11:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,893 sqft
- Baths : 3 full , 1 half
Listing Agent
Mission Real Estate Group
Listing Agent's Description
Come see this beautiful two story home that has more than enough space for you! This 4 bedroom, 3.5 bath home comes with granite counter tops, high ceilings, newly finished garage floors, and a spacious back yard perfect for out door events. This home is not located in a flood zone. Neighborhood amenities include a large swimming pool, a play ground / basketball court, a full 18-hole private golf course-open to the public, and trails throughout for walking/riding bikes. It is conveniently located within minutes from 59/Grand Parkway, shopping centers, hospitals & doctors, and provides zoning for an amazing school district.
SEE MORE
- 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
Neighborhood: Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$734 | |
| Property Insurance | -$194 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$86
|
||
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.
$280,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
3
YEARS SAVED
$8,005
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,184
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
20711 Laura Lee Lane Porter, TX 5
- 4 beds 4 baths ∙ 2,893 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,893 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $2,200
- $0.76
-
20746 Oakhurst Trl Drive Porter, TX 1
- 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2006
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,995
- $0.76
-
20273 Southwood Oaks Drive Porter, TX 2
- 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2008
LEASED 07/07/19- Rent
- Rent Per SQFT
- $2,035
- $0.75
-
25534 Brentmoor Drive Porter, TX 3
- 5 beds 3 baths ∙ 2,994 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,994 Sqft ∙ Built 2016
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,100
- $0.70
-
20782 Oakhurst Trails Drive Porter, TX 4
- 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2006
LEASED 04/01/19- Rent
- Rent Per SQFT
- $2,150
- $0.81
PROPERTY LISTING DETAILS
1.210.690.0050
Mission Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 83034918
Last Updated: 08/24/2020
