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25625 Tiverton Forest Court Porter, TX 77365

4 Beds 2 Baths 2,313 sqft Built 2005

INVESTimate

$254,900

List Price

$2,010

$1,809 - $2,211

Rent Est.

$267,772  ( +5.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $110.20
  • 3 Days on Market
  • MLS # : 13662867
  • Updated Date : 08/25/2020 at 21:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

No showings until Thurs 8/27. Gorgeous One story home in the desired Oakhurst Golf Course Community. Nestled at the end of a quiet cul-du-sac, with neighbors on one side greenbelt on the other. Energy Star Lennar home has an open concept with separate dining, split bedrooms & has been beautifully updated, looks & feels like new! Master has a spacious en-suite, his & hers closets, separate shower with frame-less glass enclosure, & a relaxing jetted tub. Kitchen has been updated which includes granite counter-tops, tile back-splash, black granite over-sized sink & new black stainless appliances. Flooring replaced with hardwood-look tile & all new carpet. House has been completely painted in beautiful grey tones with complimentary accent walls. Extra large laundry, walk in pantry, covered back patio, & spacious back yard. Easy access to US 59/I 69 & the new HEB shopping center, minutes from Bush Airport & Grand Parkway. Refrigerator will stay with home. Home has never flooded.

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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: Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k305k

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

Neighborhood: Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8762063

* 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
Bens Branch Elementary School Primary Regular 844 52 6
White Oak Middle School Middle Regular 784 53 4
Porter High School High Regular 1,677 118 4

Bens Branch Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 52
6
GreatSchools Rating

White Oak Middle School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 53
4
GreatSchools Rating

Porter High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 118
4
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$940
Property Tax -$668
Property Insurance -$161
HOA -$54
Property Management Fees -$99
CASH FLOW
$88

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.

$254,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.05%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9753$1,9854$2,0105$2,120
$2,120
RENT COMPS ANALYSIS
  • 25625 Tiverton Forest Court Porter, TX 4
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.87
    •  
  • 20762 Oakhurst Creek Drive Porter, TX 1
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2007
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 25609 Tiverton Forest Court Porter, TX 2
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2005
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.89
    •  
  • 20836 Sheridan Heights Lane Porter, TX 3
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2008
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.79
    •  
  • 20689 Oakhurst Meadows Drive Porter, TX 5
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2009
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.89
    •  
PROPERTY LISTING DETAILS
Bonnie Barker
1.972.765.1774
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 13662867
Last Updated: 08/25/2020
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