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4111 Brookhead Trail Houston, TX 77066

4 Beds 2 Baths 1,915 sqft Built 1980

INVESTimate

$175,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$187,390  ( +7.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $91.38
  • 4 Days on Market
  • MLS # : 60114687
  • Updated Date : 08/25/2020 at 17:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,915 sqft
  • Baths : 2 full
Listing Agent

Re/max Northwest, Realtors

Listing Agent's Description

Move in ready. Home has no carpet. Double pane windows large master bedroom and large living areas. Two car garage, washer and dryer inside the house, four bedrooms in this large one story house.

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

Zip Code: 77066

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77066

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Kaiser Elementary School Primary Regular 781 67 4
Wunderlich Intermediate School Middle Regular 1,544 110 5
Klein Forest High School High Regular 3,589 258 3

Kaiser Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 67
4
GreatSchools Rating

Wunderlich Intermediate School

  • Education Level: Middle
  • # of students: 1,544
  • # of teachers: 110
5
GreatSchools Rating

Klein Forest High School

  • Education Level: High
  • # of students: 3,589
  • # of teachers: 258
3
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$646
Property Tax -$423
Property Insurance -$157
HOA -$26
Property Management Fees -$99
CASH FLOW
$140

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$175,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.08%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$13,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,498

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,4004$1,4905$1,500
$1,500
RENT COMPS ANALYSIS
  • 4111 Brookhead Trail Houston, TX 4
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.78
    •  
  • 4234 Southchase Lane Houston, TX 1
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 1982
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.71
    •  
  • 4239 Southchase Lane Houston, TX 2
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1982
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 4218 Bridledon Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1983
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 4219 E Peachfield Circle Houston, TX 5
    • 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1983
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Adrian Martinez
1.832.581.5681
Re/max Northwest, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 60114687
Last Updated: 08/25/2020
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