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3111 Breezy Pines Court Houston, TX 77339

3 Beds 2 Baths 2,526 sqft Built 1981

$254,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $100.91
  • 7 Days on Market
  • MLS # : 49043332
  • Updated Date : 02/06/2021 at 18:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,526 sqft
  • Baths : 2 full
Listing Agent

Graham & Company Realty Group

Listing Agent's Description

Awesome home in Kingwood Lakes Village! This home is a single story, 3 bedroom, 2 bath, with 2 car garage-beautifully updated. Very light and bright with tons of wondows. Kitchen offers plenty of cabinet and counter space, plus island and breakfast room. Inviting fireplace in the den. Large primary bedroom with great private bath. Larger corner lot-close to everything!!

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: Kingwood Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k495k

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

Neighborhood: Kingwood Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722620

* 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
Foster Elementary School Primary Regular 598 34 6
Kingwood Middle School Middle Regular 1,025 58 7
Kingwood Park High School High Regular 1,768 110 8

Foster Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 34
6
GreatSchools Rating

Kingwood Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 58
7
GreatSchools Rating

Kingwood Park High School

  • Education Level: High
  • # of students: 1,768
  • # of teachers: 110
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$885
Property Tax -$661
Property Insurance -$198
HOA -$38
Property Management Fees -$99
CASH FLOW
$329

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

$2,210

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$23,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,387

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2104$2,2505$2,650
$2,650
RENT COMPS ANALYSIS
  • 3111 Breezy Pines Court Houston, TX 3
    • 3 beds 2 baths ∙ 2,526 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,526 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.87
    •  
  • 3103 Riverlawn Drive Kingwood, TX 1
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1977
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 3319 Riverlawn Drive Humble, TX 2
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 1977
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 3215 Deep River Court Houston, TX 4
    • 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1981
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.95
    •  
  • 3114 Breezy Pines Court Houston, TX 5
    • 3 beds 2 baths ∙ 2,554 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,554 Sqft ∙ Built 1981
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michael Weaster
1.713.875.8558
Graham & Company Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 49043332
Last Updated: 02/06/2021
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