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2975 Shadow Trail Drive Houston, TX 77082

4 Beds 2 Baths 2,048 sqft Built 1982

$185,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $90.33
  • 5 Days on Market
  • MLS # : 3557875
  • Updated Date : 01/02/2021 at 16:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,048 sqft
  • Baths : 2 full
Listing Agent

Realty Associates

Listing Agent's Description

3 spacious bedrooms with one flex room, living, dining and kitchen with two full bathrooms, fresh paint in some areas, and great location near main highways. Window units for the back room and bar the rest of the house is central ac and heat.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77082

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $99k233k

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

Zip Code: 77082

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9671677

* 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
Budewig Intermediate School Primary Regular 1,190 79 5
O'donnell Middle School Middle Regular 1,263 91 6
Hastings High School High Regular 3,890 260 4

Budewig Intermediate School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 79
5
GreatSchools Rating

O'donnell Middle School

  • Education Level: Middle
  • # of students: 1,263
  • # of teachers: 91
6
GreatSchools Rating

Hastings High School

  • Education Level: High
  • # of students: 3,890
  • # of teachers: 260
4
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$683
Property Tax -$367
Property Insurance -$160
HOA -$44
Property Management Fees -$99
CASH FLOW
$206

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.

$185,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$19,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,6004$1,6455$1,900
$1,900
RENT COMPS ANALYSIS
  • 2975 Shadow Trail Drive Houston, TX 2
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.79
    •  
  • 3030 Misty Park Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1978
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 2815 Crest Park Drive Houston, TX 3
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1980
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 2843 Crest Park Drive Houston, TX 4
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1980
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
  • 13210 Poplar Glen Lane Houston, TX 5
    • 3 beds 2 baths ∙ 2,071 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,071 Sqft ∙ Built 1998
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
PROPERTY LISTING DETAILS
Blanca Salinas
1.713.464.0700
Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 3557875
Last Updated: 01/02/2021
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