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3111 Breezy Pines Court Houston, TX 77339

3 Beds 2 Baths 2,526 sqft Built 1981

$279,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $110.81
  • 4 Days on Market
  • MLS # : 71734786
  • Updated Date : 11/19/2020 at 04:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,526 sqft
  • Baths : 2 full
Listing Agent

Hill & Associates

Listing Agent's Description

BEAUTIFUL and updated!! Large island kitchen area that opens into the huge livingroom with a fireplace and breakfast area. You will LOVE this huge master suite and master bath area. Nice corner lot. Close to everything! Call or text for your showing today!

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,033
Property Tax -$661
Property Insurance -$198
HOA -$38
Property Management Fees -$99
CASH FLOW
$152

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.

$279,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.78%

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-$4.0k-$2.0k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,406

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,2504$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 3111 Breezy Pines Court Houston, TX 1
    • 3 beds 2 baths ∙ 2,526 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,526 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $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 3
    • 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
    •  
  • 3211 Sunny Knoll Court Kingwood, TX 4
    • 3 beds 3 baths ∙ 2,692 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,692 Sqft ∙ Built 1981
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 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
Deanna Parsons
1.832.444.8219
Hill & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 71734786
Last Updated: 11/19/2020
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