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3714 Arbor Point Lane Friendswood, TX 77546

4 Beds 3 Baths 2,751 sqft Built 2002

INVESTimate

$282,500

List Price

$2,080

$1,872 - $2,288

Rent Est.

$303,349  ( +7.38%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $102.69
  • 9 Days on Market
  • MLS # : 11496264
  • Updated Date : 08/19/2020 at 09:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,751 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simien Properties

Listing Agent's Description

IMMACULATE HOME LOCATED IN THE DESIRABLE NEIGHBORHOOD OF HERITAGE PARK. RECENT UPDATES INCLUDE PAINT AND CARPETING. THIS SPACIOUS HOME INCLUDES A FORMAL DINING, FORMAL LIVING, DEN AND A GAME ROOM. THIS MOVE IN READY HOME HAS A GREAT BACK YARD WITH A COVERED PATIO. ZONED TO CCISD SCHOOLS. EASY ACCESS TO FREEWAY. DON'T WAIT!

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: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10102091

* 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
Greene Elementary School Primary Regular 744 44 7
Brookside Intermediate School Middle Regular 802 51 5
Clear Brook High School High Regular 2,335 153 7

Greene Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 44
7
GreatSchools Rating

Brookside Intermediate School

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 51
5
GreatSchools Rating

Clear Brook High School

  • Education Level: High
  • # of students: 2,335
  • # of teachers: 153
7
GreatSchools Rating
 

$254,250$310,750$282,500

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$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$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,042
Property Tax -$573
Property Insurance -$213
HOA -$34
Property Management Fees -$99
CASH FLOW
$119

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.

$282,500

PROJECTED PRICE

$2,080

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.38%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,613

INVESTMENT

$80,613

Down Payment
$70,625
Rehab Estimate
$5,750
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0303$2,0804$2,1505$2,350
$2,350
RENT COMPS ANALYSIS
  • 3714 Arbor Point Lane Friendswood, TX 3
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.76
    •  
  • 16911 Tower Ridge Friendswood, TX 1
    • 3 beds 2 baths ∙ 2,482 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,482 Sqft ∙ Built 1999
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 4906 Quiet Canyon Drive Friendswood, TX 2
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 2002
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.74
    •  
  • 2610 Ledgebrook Lane Friendswood, TX 4
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2000
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 3506 Silouette Cove Friendswood, TX 5
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jimmy Simien
1.832.929.8630
Simien Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11496264
Last Updated: 08/19/2020
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