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4138 S Webber Drive Pearland, TX 77584

5 Beds 4 Baths 2,991 sqft Built 1996

$299,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $99.97
  • 4 Days on Market
  • MLS # : 73750187
  • Updated Date : 01/08/2021 at 23:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,991 sqft
  • Baths : 3 full , 1 half
Listing Agent

Krueger Real Estate

Listing Agent's Description

Well appointed 2 story brick/wood home in Southwyck. Zoned to the desirable Pearland ISD. Easy commute to Med Center via Highway 288. Large primary bedroom on 1at floor. Updates include roof in 2020, water heater replaced in 2019, Dishwasher and microwave replaced in 2018, ac is less than 10 years old.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Southwyck

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Southwyck

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10382063

* 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
 

$269,100$328,900$299,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,039
Property Tax -$672
Property Insurance -$229
HOA -$46
Property Management Fees -$99
CASH FLOW
$145

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.

$299,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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$200k$400k$600k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$10,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,168

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1003$2,1954$2,2305$2,400
$2,400
RENT COMPS ANALYSIS
  • 4138 S Webber Drive Pearland, TX 4
    • 5 beds 4 baths ∙ 2,991 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,991 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.75
    •  
  • 3234 Vanity Drive Pearland, TX 1
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1998
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
  • 3311 Stonehurst Court Pearland, TX 2
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1997
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 4114 N Webber Drive Pearland, TX 3
    • 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 1996
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.69
    •  
  • 3022 Rocky Canyon Drive Pearland, TX 5
    • 4 beds 4 baths ∙ 3,145 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,145 Sqft ∙ Built 2015
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
James Krueger
1.713.364.4003
Krueger Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 73750187
Last Updated: 01/08/2021
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