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21609 Hackamore Ct Porter, TX 77365

3 Beds 2 Baths 1,578 sqft Built 2012

$220,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $139.42
  • 5 Days on Market
  • MLS # : 41482383
  • Updated Date : 03/18/2021 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome home to 21609 Hackamore Ct. Charming one-story home in Cumberland Crossing subdivision in Porter. The home is located on a cul-de-sac with a well-maintained curb appeal. Features 3 bedrooms, 2 baths with 2 car attached garage. Open floor plan. The primary bedroom features dual sinks, a garden tub, a separate shower, and a walk-in closet. Freshly painted interior and tile throughout. Covered patio perfect for entertaining. Easy access to Grand Pkwy and 59 and IAH. Zoned to New Caney ISD. Contact listing agents to schedule a showing today.

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

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
Robert Crippen Elementary School Primary Regular 840 49 3
White Oak Middle School Middle Regular 784 53 4
Porter High School High Regular 1,677 118 4

Robert Crippen Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 49
3
GreatSchools Rating

White Oak Middle School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 53
4
GreatSchools Rating

Porter High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 118
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$764
Property Tax -$441
Property Insurance -$118
HOA -$33
Property Management Fees -$99
CASH FLOW
$65

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.

$220,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.69%

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$600k

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 55% 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

4

YEARS SAVED

$7,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,531

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,5004$1,5205$1,650
$1,650
RENT COMPS ANALYSIS
  • 21609 Hackamore Ct Porter, TX 4
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.96
    •  
  • 18151 Windy Oaks Court Porter, TX 1
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2000
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.91
    •  
  • 18377 Ten Oaks Court Porter, TX 2
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2002
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 19202 Painted Boulevard Porter, TX 3
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2014
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 18166 Windy Oaks Court Porter, TX 5
    • 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 2002
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Hannelise Blease
1.480.686.2277
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 #: 41482383
Last Updated: 03/18/2021
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