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21535 Hughes Court Porter, TX 77365

3 Beds 2 Baths 1,634 sqft Built 2004

$187,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $114.99
  • 4 Days on Market
  • MLS # : 85575986
  • Updated Date : 12/05/2020 at 18:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

IMMACULATE 1 STORY ON A LARGE CORNER LOT WITH LOTS OF FRONT YARD SPACE. SPACIOUS OPEN LIVING ROOM WITH HIGH CEILINGS AND A NICE COZY FIREPLACE. BEAUTIFUL FLOORING. STAINLESS APPLIANCES AND THE REFRIGERATOR IS INCLUDED. LOTS OF CABINET AND COUNTERTOP SPACE. BREAKFAST BAR FOR EXTRA SEATING OPEN TO THE LIVING AREA. CEILING FANS AND BLINDS THROUGHOUT. BACK PATIO WOOD DECK WITH A COVER. BIG BACKYARD WITH TREES AND PLENTY OF ROOM TO ENTERTAIN. HOME IS SQUEAKY CLEAN AND MOVE IN READY!

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

Zip Code: 77365

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k254k

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

Zip Code: 77365

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8761692

* 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
Valley Ranch Elementary School Primary Regular 660 40 4
New Caney Middle School Middle Regular NA
New Caney High School High Regular 1,587 115 3

Valley Ranch Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
4
GreatSchools Rating

New Caney Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

New Caney High School

  • Education Level: High
  • # of students: 1,587
  • # of teachers: 115
3
GreatSchools Rating
 

$169,110$206,690$187,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$693
Property Tax -$392
Property Insurance -$121
HOA -$46
Property Management Fees -$99
CASH FLOW
$139

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.

$187,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,544

INVESTMENT

$55,544

Down Payment
$46,975
Rehab Estimate
$5,750
Closing Costs
$2,819

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,975
Loan Amount $140,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$14,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 21535 Hughes Court Porter, TX 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.91
    •  
  • 21534 Maddux Drive Porter, TX 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2002
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 21547 Forest Colony Drive Porter, TX 3
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2003
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 21218 Flowering Dogwood Circle Porter, TX 4
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 21230 Flowering Dogwood Circle Porter, TX 5
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2018
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kaye Adler
1.832.287.7166
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 85575986
Last Updated: 12/05/2020
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