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2111 Dalton Park Court Spring, TX 77373

3 Beds 3 Baths 1,974 sqft Built 2014

$229,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $116.46
  • 9 Days on Market
  • MLS # : 49048101
  • Updated Date : 07/12/2021 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,974 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Lovely two-story home situated on a cul-de-sac in the beautiful subdivision of Park Spring. This 3 bedroom 2.5 bath house has an open floor plan with the primary suite conveniently located on the first floor. Large game room upstairs. Generous backyard and covered patio, perfect for grilling and parties! Conveniently located with quick access to major freeways, including the Hardy Toll Road, I-45 and Grand Parkway.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Park Spring South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k270k

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

Neighborhood: Park Spring South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9101932

* 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
Pearl M. Hirsch Elementary School Primary Regular 705 52 4
Twin Creeks Middle School Middle Regular 1,000 63 6
Spring High School High Regular 3,339 173 3

Pearl M. Hirsch Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 52
4
GreatSchools Rating

Twin Creeks Middle School

  • Education Level: Middle
  • # of students: 1,000
  • # of teachers: 63
6
GreatSchools Rating

Spring High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 173
3
GreatSchools Rating
 

$206,910$252,890$229,900

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 -$799
Property Tax -$632
Property Insurance -$161
HOA -$27
Property Management Fees -$99
CASH FLOW
$62

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.

$229,900

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) 7.4%
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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,433

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
  • $0.9

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7254$1,7805$2,010
$2,010
RENT COMPS ANALYSIS
  • 2111 Dalton Park Court Spring, TX 4
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.90
    •  
  • 2047 Naplechase Crest Drive Spring, TX 1
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2014
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 2826 Arica Lane Spring, TX 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2007
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 23702 Maple View Drive Spring, TX 3
    • 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.91
    •  
  • 23631 Maple View Drive Spring, TX 5
    • 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 2014
    property image
    LEASED 06/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.93
    •  
PROPERTY LISTING DETAILS
Amy Wallner
1.713.806.3893
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 49048101
Last Updated: 07/12/2021
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