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20747 Oakhurst Trails Drive Porter, TX 77365

3 Beds 2 Baths 1,820 sqft Built 2009

$229,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $125.82
  • 3 Days on Market
  • MLS # : 63979245
  • Updated Date : 01/29/2021 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Northeast

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k305k

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

Neighborhood: Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8762063

* 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
Bens Branch Elementary School Primary Regular 844 52 6
White Oak Middle School Middle Regular 784 53 4
Porter High School High Regular 1,677 118 4

Bens Branch Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 52
6
GreatSchools Rating

White Oak Middle School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 53
4
GreatSchools Rating

Porter High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 118
4
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$795
Property Tax -$600
Property Insurance -$132
HOA -$54
Property Management Fees -$99
CASH FLOW
$79

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.

$229,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.77%

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-$4.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$5,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7604$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 20747 Oakhurst Trails Drive Porter, TX 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.97
    •  
  • 25582 Ramsey Heights Way Porter, TX 1
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2017
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 25530 Brentmoor Drive Porter, TX 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2016
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 20916 Waldridge Oak Lane Porter, TX 4
    • 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 2006
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 20737 Oakhurst Trails Drive Porter, TX 5
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2007
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jan Jackson
1.281.851.4438
Re/max Associates Northeast
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 63979245
Last Updated: 01/29/2021
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