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2708 W Oaks Boulevard Pearland, TX 77584

4 Beds 3 Baths 2,950 sqft Built 1993

$308,495

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $104.57
  • 2 Days on Market
  • MLS # : 48245524
  • Updated Date : 03/06/2021 at 22:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,950 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abby Realty

Listing Agent's Description

Gorgeous 2 story-4 bedroom-2.5 bath is FOR SALE in Highly sought out WEST OAKS! Get it while you can! Stunning curb appeal warmly greets you with a gorgeous elegant cream colonial balconette and portico which is surrounded by windows dressed with red shutters and solar screens and a complimenting new custom iron driveway gate. Large foyer, elegant wood posts and wrought iron spindle staircase. Huge study with wood and glass pocket doors. Formal dining room with double doors leading into the kitchen. Kitchen features new ceramic tile floors, walk in pantry, granite countertops, spacious island, cream travertine tile walls with beautiful glass tile edges as accent. Followed by a warm breakfast area which flows into the spacious living room with a fireplace and built ins. Huge primary bedroom with a custom lighted built ins wall and a sitting area. Huge bath with double sinks, two closets, and oil rubbed bronze hardware. Large Bedrooms. Huge fenced in backyard and No back neighbors!

SEE MORE

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: West Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: West Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
H.c. Carleston Elementary School Primary Regular 787 52 6
Pearland Jr High South Middle Regular 802 50 8
Pearland High School High Regular 2,920 177 7

H.c. Carleston Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 52
6
GreatSchools Rating

Pearland Jr High South

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 50
8
GreatSchools Rating

Pearland High School

  • Education Level: High
  • # of students: 2,920
  • # of teachers: 177
7
GreatSchools Rating
 

$277,646$339,345$308,495

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,072
Property Tax -$694
Property Insurance -$227
HOA -$33
Property Management Fees -$99
CASH FLOW
$26

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.

$308,495

PROJECTED PRICE

$2,150

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,501

INVESTMENT

$87,501

Down Payment
$77,124
Rehab Estimate
$5,750
Closing Costs
$4,627

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,072

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,124
Loan Amount $231,371
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,154

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1504$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 2708 W Oaks Boulevard Pearland, TX 3
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 2712 W Oaks Boulevard Pearland, TX 1
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.69
    •  
  • 3208 Sumac Drive Pearland, TX 2
    • 3 beds 3 baths ∙ 3,004 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,004 Sqft ∙ Built 1999
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.70
    •  
  • 5002 Jolie Drive Pearland, TX 4
    • 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
  • 5805 Orchard Trail Drive Pearland, TX 5
    • 4 beds 3 baths ∙ 3,226 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,226 Sqft ∙ Built 2011
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
PROPERTY LISTING DETAILS
Liliana Radeker
1.832.877.7724
Abby Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 48245524
Last Updated: 03/06/2021
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