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

21215 Fox Orchard Court Humble, TX 77338

5 Beds 3 Baths 2,460 sqft Built 2016

$220,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $89.43
  • 42 Days on Market
  • MLS # : 63962524
  • Updated Date : 01/14/2021 at 22:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,460 sqft
  • Baths : 3 full
Listing Agent

Jla Realty

Listing Agent's Description

Very spacious 5 bedroom, 3 full bath, 2 car garage with game room. HAS NEVER FLOODED! No waisted space in this floorplan. 1 full bath downstairs, 2 full baths upstairs. Downstairs new vinyl flooring, upstairs laminate flooring in hall and game room. Home has granite counter tops with 42" cabinets in kitchen. Breakfast room AND a breakfast bar. Whole house water softener included. Full view glass windows with double doors that lead out to a 10x23 covered deck constructed from composite decking. No back neighbors. Paved walking trail runs behind home. Guest suite downstairs has private access to full bath. Needing space to work from home? Upstairs game room has large closet and could be easily converted to a 6th bedroom or private office.

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

Zip Code: 77338

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k255k

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

Zip Code: 77338

ZipNIR 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
Magrill Elementary School Primary Regular 1,189 63 4
Teague Middle School Middle Regular 896 60 4
Nimitz Ninth Grade School High Regular 692 51 2

Magrill Elementary School

  • Education Level: Primary
  • # of students: 1,189
  • # of teachers: 63
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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$764
Property Tax -$555
Property Insurance -$193
HOA -$26
Property Management Fees -$99
CASH FLOW
$73

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.

$220,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.78%

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-$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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,6504$1,7105$1,800
$1,800
RENT COMPS ANALYSIS
  • 21215 Fox Orchard Court Humble, TX 4
    • 5 beds 3 baths ∙ 2,460 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,460 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.70
    •  
  • 7318 Foxbrook Drive Humble, TX 1
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2002
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.65
    •  
  • 7334 Foxbrook Drive Humble, TX 2
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2002
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.69
    •  
  • 7311 Fox Scene Drive Humble, TX 3
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2007
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.67
    •  
  • 20415 Viola Dale Court Humble, TX 5
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Kim Lyons
1.281.744.3567
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 63962524
Last Updated: 01/14/2021
BESbswy