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3832 Pecan Circle La Porte, TX 77571

4 Beds 2 Baths 1,954 sqft Built 1982

$199,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $101.84
  • 3 Days on Market
  • MLS # : 94308809
  • Updated Date : 03/27/2021 at 08:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,954 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Dream Starter! Move in ready single story home in Fairmont Park East. This floorplan features four bedrooms and two bathrooms, neutral paint palette; lots of windows allow the natural light to flow through and an open concept, perfect for entertaining. The eat-in kitchen boasts tile floors and Formica counters. The primary suite features an en-suite bath with his and hers vanities and a bathtub/shower combination. The three additional bedrooms share a hall bath. Conveniently located close to many shopping, dining and entertainment options. And, with easy access to The Beltway and Hwy 225, your commute will be a breeze. See this one first and make it your next home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: La Porte

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k222k

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

Neighborhood: La Porte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9251677

* 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
Jennie Reid Elementary School Primary Regular 507 29 8
La Porte Junior High School Middle Regular 553 35 6
La Porte High School High Regular 2,119 134 5

Jennie Reid Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 29
8
GreatSchools Rating

La Porte Junior High School

  • Education Level: Middle
  • # of students: 553
  • # of teachers: 35
6
GreatSchools Rating

La Porte High School

  • Education Level: High
  • # of students: 2,119
  • # of teachers: 134
5
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$691
Property Tax -$488
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
$263

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.

$199,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

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$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$21,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7004$1,7855$1,850
$1,850
RENT COMPS ANALYSIS
  • 3832 Pecan Circle La Porte, TX 3
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 10434 Carlow Lane La Porte, TX 1
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1978
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 10442 Rustic Gate Road La Porte, TX 2
    • 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1968
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 3809 Teakwood Drive La Porte, TX 4
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1983
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.91
    •  
  • 10905 Dogwood Drive La Porte, TX 5
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1986
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Helen Hairston
1.832.875.9626
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94308809
Last Updated: 03/27/2021
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