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2726 Heatherwind Lane Houston, TX 77047

3 Beds 2 Baths 1,456 sqft Built 2008

$183,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $125.69
  • 2 Days on Market
  • MLS # : 21017387
  • Updated Date : 02/27/2021 at 20:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Century 21 Olympian Central

Listing Agent's Description

Easy commute location is a great asset for this home located right off a cul-the-sac in Brunswick Meadow by Beltway 8 and 288. This open floor plan home features 3 bedrooms with new neutral color carpet, 2 full bathrooms, a huge living room with new laminate floor, dining room, and a nice size laundry room. The master bedroom is very spacious with a walk-in closet, and is located apart from the other 2 bedrooms for privacy. Lots of natural light in this home, as well as good storage options! The yard is spacious with a large shed for your storage needs.

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: Brunswick Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Brunswick Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Law Elementary School Primary Magnet 748 39 3
Thomas Middle School Middle Regular 476 32 3
Worthing High School High Magnet 681 38 2

Law Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 39
3
GreatSchools Rating

Thomas Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 32
3
GreatSchools Rating

Worthing High School

  • Education Level: High
  • # of students: 681
  • # of teachers: 38
2
GreatSchools Rating
 

$164,700$201,300$183,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$636
Property Tax -$386
Property Insurance -$126
HOA -$33
Property Management Fees -$99
CASH FLOW
$291

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$183,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,245

INVESTMENT

$54,245

Down Payment
$45,750
Rehab Estimate
$5,750
Closing Costs
$2,745

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$636

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,750
Loan Amount $137,250
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$27,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,5704$1,5705$1,575
$1,575
RENT COMPS ANALYSIS
  • 2726 Heatherwind Lane Houston, TX 4
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.08
    •  
  • 2758 Grahamwood Lane Houston, TX 1
    • 4 beds 2 baths ∙ 1,333 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,333 Sqft ∙ Built 2006
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 14410 Hamilton Grove Lane Houston, TX 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2010
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 2826 Trinity Glen Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.04
    •  
  • 14407 N Brunswick Point Lane Houston, TX 5
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.21
    •  
PROPERTY LISTING DETAILS
Nathalie Sweeney
1.713.582.9570
Century 21 Olympian Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 21017387
Last Updated: 02/27/2021
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