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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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77338
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
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
-
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
1.281.744.3567
Jla Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 63962524
Last Updated: 01/14/2021
