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3822 Appalachian Trail Houston, TX 77345

5 Beds 4 Baths 2,953 sqft Built 1991

$299,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $101.25
  • 2 Days on Market
  • MLS # : 86212897
  • Updated Date : 01/16/2021 at 16:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,953 sqft
  • Baths : 3 full , 1 half
Listing Agent

Reliable, Realtors

Listing Agent's Description

HUGE TWO STORY HOUSE WITH 5 BEDROOMS 3.5 BATHS&,DETACHED GARAGE ALL FORMALS.UPSTAIRS HAS,4 BED ROOMS WITH TWO FULL BATHS. PERGO WOOD FLOORS IN LIVING AREAS. CARPET IN BEDROOMS..PRIMARY BATH HAS BOTH TUB AND SEPARATE STAND IN SHOWER& DOUBLE SINKS, AND HUGE CLOSET . FRESH PAINT OUT SIDE. HUGE BACK YARD LOTS OF GRADES

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Mills Branch Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Mills Branch Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
 

$269,100$328,900$299,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,039
Property Tax -$631
Property Insurance -$227
HOA -$33
Property Management Fees -$99
CASH FLOW
$222

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.

$299,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,356

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
  • $0.76

    LIST RENT PER SQFT
  • $2,274

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0003$2,2504$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 3822 Appalachian Trail Houston, TX 3
    • 5 beds 4 baths ∙ 2,953 Sqft ∙ Built 1991 5 beds 4 baths ∙ 2,953 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
  • 3414 Appalachian Trail Houston, TX 1
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1991
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.74
    •  
  • 5011 Echo Falls Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1991
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 4515 Tall Ridge Court Kingwood, TX 4
    • 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 1992
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
  • 4330 Broadleaf Street Houston, TX 5
    • 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1990
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Susan Mathew
1.281.403.7800
Reliable, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 86212897
Last Updated: 01/16/2021
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