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

2103 Linea Del Pino Street Houston, TX 77077

4 Beds 3 Baths 2,530 sqft Built 1983

$270,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $106.72
  • 3 Days on Market
  • MLS # : 27677290
  • Updated Date : 11/21/2020 at 10:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,530 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Alliance Group

Listing Agent's Description

**NO FLOODING HERE**READY TO MOVE IN**GREAT CONDITION**FANTASTIC LOCATION**CLOSE TO SHOPPING AND MAJOR INTERSECTIONS**10 MINS FROM THE GALLERIA**EASY MAINTENANCE TILE FLOORS THROUGHOUT**GRANITE TOPS**CUL-DE-SAC FOR MORE PRIVACY OF TRAFFIC**BEAUTIFUL LAMINATED FLOORS ON LIVING ROOM**H2O HEATER REPLACED 2018**A/C INSTALLED 2013**SIX ZONE AUTOMATIC SPRINKLER SYSTEM**COBBLE STONE PATIO**YOU OWN DOUBLE SIDED FIRE PLACE IN MASTER SUITE**FRESH INTERIOR PAINT**For more details and or a private showing call your realtor or CALL US TODAY** All measurements are approximates, upgrades are as per seller!

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

Neighborhood: Briarwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $99k357k

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

Neighborhood: Briarwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9691880

* 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
Ray K Daily Elementary School Primary Regular 729 40 8
West Briar Middle School Middle Regular 1,051 62 7
Westside High School High Magnet 2,748 146 7

Ray K Daily Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
8
GreatSchools Rating

West Briar Middle School

  • Education Level: Middle
  • # of students: 1,051
  • # of teachers: 62
7
GreatSchools Rating

Westside High School

  • Education Level: High
  • # of students: 2,748
  • # of teachers: 146
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$996
Property Tax -$569
Property Insurance -$198
HOA -$46
Property Management Fees -$99
CASH FLOW
$111

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.

$270,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,207

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9953$2,0204$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 2103 Linea Del Pino Street Houston, TX 3
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.80
    •  
  • 1650 Beaconshire Road Houston, TX 1
    • 3 beds 3 baths ∙ 2,449 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,449 Sqft ∙ Built 1984
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 1651 Westbranch Houston, TX 2
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1983
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 13102 Wickersham Lane Houston, TX 4
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1981
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 2327 Gentryside Houston, TX 5
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1989
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Armando Franco
1.281.748.1576
Home Alliance Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 27677290
Last Updated: 11/21/2020
BESbswy