Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3703 Brookvale Court Houston, TX 77345

4 Beds 3 Baths 2,867 sqft Built 1990

INVESTimate

$287,900

List Price

$2,250

$2,025 - $2,475

Rent Est.

$301,201  ( +4.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $100.42
  • 8 Days on Market
  • MLS # : 23224954
  • Updated Date : 08/20/2020 at 16:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,867 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This beautiful home is waiting for you! Located in the desirable Greentree neighborhood. Gourmet kitchen with granite countertops, stainless steel appliances, custom island and large pantry. Remodeled primary bath with granite vanity and vessel sinks. Updated fixtures and ceiling fans. Slate tile and wood floors throughout, with carpet on the second level. Block-paneled study with built-ins and wood floor. Large corner lot with full sprinkler system. All bedrooms have generous-sized closets. Primary bedroom on 1st floor, with 3 additional bedrooms upstairs. Full bath on 2nd floor, with 1/2 bath on 1st floor, in addition to primary bath. The detached garage has plenty of space for parking and additional storage. This gorgeous home is located within walking distance of the neighborhood pool, park, middle school and elementary school. Zoned to award-winning Humble ISD schools. Never flooded! Come see this one 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: Greentree Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k312k

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

Neighborhood: Greentree Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722380

* 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
Hidden Hollow Elementary School Primary Regular 521 35 7
Creekwood Middle School Middle Regular 1,094 62 9
Kingwood High School High Regular 2,610 140 9

Hidden Hollow Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 35
7
GreatSchools Rating

Creekwood Middle School

  • Education Level: Middle
  • # of students: 1,094
  • # of teachers: 62
9
GreatSchools Rating

Kingwood High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 140
9
GreatSchools Rating
 

$259,110$316,690$287,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,062
Property Tax -$648
Property Insurance -$221
HOA -$33
Property Management Fees -$99
CASH FLOW
$186

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.

$287,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.62%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,044

INVESTMENT

$82,044

Down Payment
$71,975
Rehab Estimate
$5,750
Closing Costs
$4,319

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,975
Loan Amount $215,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2003$2,2504$2,3005$2,345
$2,345
RENT COMPS ANALYSIS
  • 3703 Brookvale Court Houston, TX 3
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 3210 Emerald Grove Drive Houston, TX 1
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 1987
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.74
    •  
  • 4214 Meadow Forest Lane Houston, TX 2
    • 4 beds 2 baths ∙ 2,829 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,829 Sqft ∙ Built 1991
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 2514 Twisting Pine Court Houston, TX 4
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2007
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 3910 Rock Springs Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1989
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kathy Abshire
1.832.671.9799
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 23224954
Last Updated: 08/20/2020
BESbswy