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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $86.62
- 2 Days on Market
- MLS # : 53082331
- Updated Date : 02/20/2021 at 20:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,309 sqft
- Baths : 2 full , 1 half
Listing Agent
Jla Realty
SEE MORE
- 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: Atascocita Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Atascocita Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$511 | |
| Property Insurance | -$183 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$235
|
||
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.
$200,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.88%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
7.08
YEARS SAVED
$17,237
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,743
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4022 Oakrun Drive Humble, TX 4
- 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
18018 Imber Forest Lane Humble, TX 1
- 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 1995
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
-
18011 Overlook Park Court Humble, TX 2
- 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 2001
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,550
- $0.71
-
18022 Still Springs Court Court Humble, TX 3
- 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1996
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,675
- $0.79
-
18106 Stillwater Place Drive Humble, TX 5
- 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 2000
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,795
- $0.79
PROPERTY LISTING DETAILS
1.281.734.6701
Jla Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 53082331
Last Updated: 02/20/2021
