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2206 Hilshire Glen Court Houston, TX 77080

3 Beds 4 Baths 2,554 sqft Built 2008

$350,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $137.04
  • 3 Days on Market
  • MLS # : 19903052
  • Updated Date : 01/15/2021 at 10:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,554 sqft
  • Baths : 3 full , 1 half
Listing Agent

Nest Finders

Listing Agent's Description

This gorgeous freestanding, three-story stucco townhome is nestled in the rapidly expanding Spring Branch neighborhood in a Gated Community built around a 10-acre natural spring-fed lake! This expansive 2,554 SQ FT stunning home has easy-to-maintain wood floors throughout & a gorgeous, open kitchen w/ granite, stainless steel appliances, tile backsplash, under-cabinet lighting & a breakfast bar. Spacious living room has a wall of windows for abundant natural light & a cozy fireplace surrounded by built-ins making it perfect for entertaining family & friends. Large Primary Suite w/ a private balcony features high ceilings & an en suite spa-like bath w/ granite & a separate soaker tub/ tiled shower. 2 additional spacious secondary beds (one on 1st floor & one on 3rd floor) with nicely updated en suite baths. Private side yard for pets! *HOA covers front landscaping, trash & recycle. Don’t miss out on experiencing the relaxing and convenient lifestyle that Hilshire Lakes has to offer!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Hilshire Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $74k419k

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

Neighborhood: Hilshire Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9102403

* 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
Edgewood Elementary School Primary Regular 749 50 4
Spring Woods Middle School Middle Regular 922 68 1
Northbrook High School High Regular 2,260 133 2

Edgewood Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 50
4
GreatSchools Rating

Spring Woods Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 68
1
GreatSchools Rating

Northbrook High School

  • Education Level: High
  • # of students: 2,260
  • # of teachers: 133
2
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,216
Property Tax -$738
Property Insurance -$200
HOA -$195
Property Management Fees -$99
CASH FLOW
$53

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.

$350,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.0%
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$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,564

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,701

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5004$2,8505$2,995
$2,995
RENT COMPS ANALYSIS
  • 2206 Hilshire Glen Court Houston, TX 3
    • 3 beds 4 baths ∙ 2,554 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,554 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 8912 Aventino Way Houston, TX 1
    • 3 beds 3 baths ∙ 2,434 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,434 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 8913 Aventino Way Houston, TX 2
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2016
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 8833 Lakeshore Bend Drive Houston, TX 4
    • 3 beds 4 baths ∙ 2,492 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,492 Sqft ∙ Built 2008
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.14
    •  
  • 8668 Emnora Lane Houston, TX 5
    • 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.12
    •  
PROPERTY LISTING DETAILS
Carlo Mercado
Nest Finders
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19903052
Last Updated: 01/15/2021
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