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4119 Landshire Bend Drive Houston, TX 77048

3 Beds 3 Baths 2,382 sqft Built 2007

$214,990

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $90.26
  • 3 Days on Market
  • MLS # : 47777448
  • Updated Date : 01/15/2021 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,382 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty -sw

Listing Agent's Description

Gorgeous home in Houston! Conveniently located near the Beltway & 288, Pearland, Downtown Houston and the Medical center. This beauty features 3 spacious bedrooms, 2.5 baths, and an abundance of natural light upon entering! Cozy living room with a fireplace making it very inviting and cozy! Dining area flows seamlessly into the living room. Kitchen boasts stainless steel appliances, lots of counter space, subway tile back splash, and many cabinets for all your storage needs! Don't forget to check out the Master suite! It showcases a stunning Master bath and huge walk-in closet! Additional perks include a game room upstairs and an attached 2 car garage! Venture into the backyard that features a grand backyard!

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: Minnetex

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Minnetex

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9041677

* 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
Law Elementary School Primary Magnet 748 39 3
Thomas Middle School Middle Regular 476 32 3
Sterling High School High Magnet 1,060 60 2

Law Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 39
3
GreatSchools Rating

Thomas Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 32
3
GreatSchools Rating

Sterling High School

  • Education Level: High
  • # of students: 1,060
  • # of teachers: 60
2
GreatSchools Rating
 

$193,491$236,489$214,990

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$747
Property Tax -$579
Property Insurance -$188
HOA -$38
Property Management Fees -$99
CASH FLOW
$80

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.

$214,990

PROJECTED PRICE

$1,730

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,722

INVESTMENT

$62,722

Down Payment
$53,748
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,748
Loan Amount $161,243
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7503$1,8004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 4119 Landshire Bend Drive Houston, TX 1
    • 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.73
    •  
  • 3406 Chateaucrest Court Houston, TX 2
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 14118 Bishop Bend Lane Houston, TX 3
    • 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 3402 Bainbridge Hill Lane Houston, TX 4
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 14223 Cypress Meadows Drive Houston, TX 5
    • 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 2008
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
PROPERTY LISTING DETAILS
Joyce Castillo
1.281.265.0000
Keller Williams Realty -sw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 47777448
Last Updated: 01/15/2021
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