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2410 Couch Street Houston, TX 77008

3 Beds 3 Baths 1,710 sqft Built 2014

$365,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $213.98
  • 54 Days on Market
  • MLS # : 7210203
  • Updated Date : 11/02/2020 at 14:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,710 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Stunning two story house! This recently built home features open concept first floor living, back yard, dual primary closets, three spacious bedrooms and much more! Enjoy cooking in your kitchen with a high end Bosch appliance package including a 5 burner gas cooktop, stunning upgraded granite countertops, and glass front bar cabinets with wine cooler below. 11 foot ceilings on the first floor and 8 foot doors throughout give the home a grand feel.

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
 

$329,310$402,490$365,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,350
Property Tax -$772
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
$7

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.

$365,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$102,714

INVESTMENT

$102,714

Down Payment
$91,475
Rehab Estimate
$5,750
Closing Costs
$5,489

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,350

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,475
Loan Amount $274,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,373

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3003$2,3704$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 2410 Couch Street Houston, TX 3
    • 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.39
    •  
  • 2503 Beall Street Houston, TX 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2006
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.42
    •  
  • 1426 W 21st Street Houston, TX 2
    • 3 beds 4 baths ∙ 1,892 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,892 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.22
    •  
  • 1510 Bevis Street Houston, TX 4
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.44
    •  
  • 1137 W 23rd Street Houston, TX 5
    • 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 2006
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Tommy Walker
1.281.948.1316
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 7210203
Last Updated: 11/02/2020
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