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2126 Stacy Knoll Houston, TX 77008

3 Beds 4 Baths 2,182 sqft Built 2002

$348,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $159.49
  • 3 Days on Market
  • MLS # : 53606427
  • Updated Date : 02/06/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,182 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Small, gated community in a great location with easy access to Loop 610, I-10, & Hwy 290. Just minutes from downtown, The Heights and Washington Corridor. TC Jester hike & bike trail is right across the street. Hardwood floors, natural light and tons of storage. Washer/dryer/fridge stay. Gas cook-top. 2 pantries. Island kitchen with granite countertops. Hardwoods in primary bedroom. The primary bath features double vanities, a jetted tub and separate shower. Secure, private community, dog park and a 2 car garage. Entire AC system replaced summer of 2020, Roof replaced 2018, Exterior painted 2017.

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: Greater Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $99k495k

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

Neighborhood: Greater Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9692561

* 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
Sinclair Elementary School Primary Magnet 534 34 6
Black Middle School Middle Regular 907 50 6
Waltrip High School High Magnet 1,663 94 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 34
6
GreatSchools Rating

Black Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 50
6
GreatSchools Rating

Waltrip High School

  • Education Level: High
  • # of students: 1,663
  • # of teachers: 94
3
GreatSchools Rating
 

$313,200$382,800$348,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,209
Property Tax -$734
Property Insurance -$175
HOA -$165
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.

$348,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,678

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,460
1$2,4602$2,6003$2,6954$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2126 Stacy Knoll Houston, TX 1
    • 3 beds 4 baths ∙ 2,182 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,182 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.13
    •  
  • 2131 Stacy Knoll Houston, TX 2
    • 3 beds 4 baths ∙ 2,216 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,216 Sqft ∙ Built 2002
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
  • 1613 W 23rd Street Houston, TX 3
    • 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2011 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2011
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.19
    •  
  • 1223 W 19th Street Houston, TX 4
    • 3 beds 4 baths ∙ 2,123 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,123 Sqft ∙ Built 2017
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.27
    •  
  • 2511 Ohsfeldt Street Houston, TX 5
    • 3 beds 4 baths ∙ 2,189 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,189 Sqft ∙ Built 2019
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.28
    •  
PROPERTY LISTING DETAILS
Cynthia Miller
1.832.867.3114
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 53606427
Last Updated: 02/06/2021
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