Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2314 Beall Street Houston, TX 77008

3 Beds 4 Baths 2,420 sqft Built 2010

$365,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $150.83
  • 3 Days on Market
  • MLS # : 52147876
  • Updated Date : 11/06/2020 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,420 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Olympian Galleria

Listing Agent's Description

Amazing 3 story townhome in Shady Acres. No HOA fees! NEW A/C UNIT. 1st floor bedroom with en suite bath - Large open living on 2nd floor with hardwood floors and balcony. Island kitchen has stainless steel appliance package, granite counters, mosaic glass tile backsplash, soft close drawers, cabinets and wine rack. Master on 3rd floor with vaulted ceiling, walking closet, crown molding. Large master bath has granite counters, jetted tub & separate shower. 7x10 Study on 3rd floor landing. Very close to Cedar Creek, Hubcap Grill and several other bars and restaurants in Shady Acres. Close to Wright-Bembry Park and access to Heights & TC Jester Hike/Bike Trails. W/D included. Refrigerator Included. Extended garage can easily fit Ford F-150 truck. Lots of storage space – large closet under stairs, balcony closets, large pantry.

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: Shady Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $99k436k

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

Neighborhood: Shady Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9692745

* 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
Hamilton Middle School Middle Magnet 1,248 64 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

Hamilton Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 64
6
GreatSchools Rating

Waltrip High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$1,347
Property Tax -$770
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
$404

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.

$365,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.4%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$41,121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,810
1$2,8102$2,9003$2,9004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2314 Beall Street Houston, TX 1
    • 3 beds 4 baths ∙ 2,420 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,420 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.16
    •  
  • 955 W 24th Street Houston, TX 2
    • 3 beds 4 baths ∙ 2,427 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,427 Sqft ∙ Built 2015
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.19
    •  
  • 2406 Beall Street Houston, TX 3
    • 3 beds 4 baths ∙ 2,343 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,343 Sqft ∙ Built 2013
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.24
    •  
  • 1051 W 24th Street Street Houston, TX 4
    • 3 beds 4 baths ∙ 2,534 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,534 Sqft ∙ Built 2012
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.18
    •  
  • 1059 W 25th Street Houston, TX 5
    • 3 beds 4 baths ∙ 2,314 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,314 Sqft ∙ Built 2015
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Solange Mariani
1.832.309.6874
Century 21 Olympian Galleria
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52147876
Last Updated: 11/06/2020
BESbswy