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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
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
-
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
1.713.464.0700
Realty Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3557875
Last Updated: 01/02/2021
