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4006 Stonehurst Drive Pearland, TX 77584

4 Beds 3 Baths 2,197 sqft Built 1998

$269,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $122.85
  • 2 Days on Market
  • MLS # : 20567167
  • Updated Date : 11/02/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Creative Tlc Realty

Listing Agent's Description

Stop by today to see this welcoming two-story home that features high ceilings! With 4 bedrooms and 2.5 bathrooms, there is plenty of space for your family. Come see the open backyard for family fun and hosting gatherings! New roof was also put on a few months ago!

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: Silverlake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k313k

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

Neighborhood: Silverlake

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
Sam Jamison Middle School Primary Regular 814 51 9
Sam Jamison Middle School Middle Regular 814 51 9
Glenda Dawson High School High Regular 2,257 130 8

Sam Jamison Middle School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Sam Jamison Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Glenda Dawson High School

  • Education Level: High
  • # of students: 2,257
  • # of teachers: 130
8
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$996
Property Tax -$595
Property Insurance -$176
Property Management Fees -$99
CASH FLOW
$134

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.

$269,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 4006 Stonehurst Drive Pearland, TX 5
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 3314 Stonehurst Court Pearland, TX 1
    • 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1997
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 3810 Paigewood Drive Pearland, TX 2
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1998
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 3519 Deerbrook Court Pearland, TX 3
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1999
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 3222 Bodine Drive Pearland, TX 4
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tillyn Lowery
1.713.322.8757
Creative Tlc Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 20567167
Last Updated: 11/02/2020
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