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22427 Willow Branch Lane Tomball, TX 77375

4 Beds 2 Baths 1,634 sqft Built 1992

$119,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $73.38
  • 4 Days on Market
  • MLS # : 37919385
  • Updated Date : 02/06/2021 at 07:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Sis Group Llc

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: Willow Forest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k278k

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

Neighborhood: Willow Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9411905

* 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
Schultz Elementary School Primary Regular 923 60 7
Hildebrandt Intermediate School Middle Regular 1,136 69 7
Klein Oak High School High Regular 3,883 230 7

Schultz Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 60
7
GreatSchools Rating

Hildebrandt Intermediate School

  • Education Level: Middle
  • # of students: 1,136
  • # of teachers: 69
7
GreatSchools Rating

Klein Oak High School

  • Education Level: High
  • # of students: 3,883
  • # of teachers: 230
7
GreatSchools Rating
 

$107,910$131,890$119,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$416
Property Tax -$424
Property Insurance -$135
HOA -$42
Property Management Fees -$99
CASH FLOW
$424

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.

$119,900

PROJECTED PRICE

$1,540

PROJECTED RENT

1.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 9.5%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$37,524

INVESTMENT

$37,524

Down Payment
$29,975
Rehab Estimate
$5,750
Closing Costs
$1,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$416

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $29,975
Loan Amount $89,925
See What Happens When You Reinvest Cash Flow

15.17

YEARS SAVED

$30,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,569

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5403$1,5754$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 22427 Willow Branch Lane Tomball, TX 2
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.94
    •  
  • 22219 Singleleaf Lane Tomball, TX 1
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1993
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 8719 Creek Willow Drive Tomball, TX 3
    • 4 beds 3 baths ∙ 1,673 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,673 Sqft ∙ Built 1999
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 22411 Mosswillow Lane Tomball, TX 4
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1996
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 22211 Singleleaf Lane Tomball, TX 5
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1993
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Abel Sanchez
1.281.893.9660
Sis Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37919385
Last Updated: 02/06/2021
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