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2534 Cloudcroft Drive Deer Park, TX 77536

4 Beds 3 Baths 2,385 sqft Built 2005

$275,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $115.30
  • 4 Days on Market
  • MLS # : 91086218
  • Updated Date : 03/25/2021 at 12:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,385 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Dimas Properties

Listing Agent's Description

Immaculate 2-story home on a quiet, cul-de-sac street with a great curb appeal and an open floor plan! The 1st floor offers a grand entry, beautiful wood laminate flooring, crown molding, a formal dining, and a gas fireplace in the living room! Also downstairs is the tiled kitchen that boasts a breakfast area, solid surface counter-tops, a tile backsplash, recessed lighting, ample cabinet space, stainless steel appliances, a walk-in pantry, and access to the utility room with built-in shelving! Upstairs holds the bedrooms which all feature chair rail molding, including the large master suite which includes dual sinks, a whirlpool tub, separate shower, and a walk-in closet! Enjoy the pool-sized backyard and the over-sized covered patio with a ceiling fan! This home is located with proximity to Pasadena Fwy, Beltway 8, TX-146, parks, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $100k305k

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

Neighborhood: East Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9462063

* 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
Heritage Elementary School Primary Regular 560 30 7
Lomax Junior High School Middle Regular 626 37 7
La Porte High School High Regular 2,119 134 5

Heritage Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 30
7
GreatSchools Rating

Lomax Junior High School

  • Education Level: Middle
  • # of students: 626
  • # of teachers: 37
7
GreatSchools Rating

La Porte High School

  • Education Level: High
  • # of students: 2,119
  • # of teachers: 134
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$955
Property Tax -$704
Property Insurance -$188
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 17% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0004$2,300
$2,300
RENT COMPS ANALYSIS
  • 2534 Cloudcroft Drive Deer Park, TX 3
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 2202 Lauren Court Deer Park, TX 1
    • 5 beds 3 baths ∙ 2,344 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,344 Sqft ∙ Built 2004
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 1402 Tonkawa Drive Deer Park, TX 2
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1996
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 1205 Comanche Street Deer Park, TX 4
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1990
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
PROPERTY LISTING DETAILS
Mark Dimas
1.281.584.6354
Mark Dimas Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 91086218
Last Updated: 03/25/2021
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