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4206 Dave Alvin Drive Deer Park, TX 77536

4 Beds 3 Baths 2,990 sqft Built 2013

$314,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $105.32
  • 2 Days on Market
  • MLS # : 42666026
  • Updated Date : 11/21/2020 at 11:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,990 sqft
  • Baths : 2 full , 1 half
Listing Agent

316 Realty Group

Listing Agent's Description

Need a new HOME for the holidays? Don't miss out on this meticulously cared for 2 story home with 4 bedrooms, 2 1/2 baths, 2 car garage beaming with PRIDE of ownership the moment you enter the front door. The kitchen offers granite counter tops, abundance of cabinet space, stainless steel appliances will appeal to any chef at heart. Master suite downstairs offer functionality along with privacy to include bathroom vanity with double sinks, stand up shower, garden tub and spacious closet. Follow me upstairs to open loft area over looking main living space, three additional bedrooms, full bathroom and tons of storage space. Lastly, the back yard oasis is tranquility for morning coffee or evening sunsets. Samsung refrigerator, clothing washer & dryer will stay with home. CALL today for your private tour.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Deer Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k241k

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

Neighborhood: Deer Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9461993

* 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
College Park Elementary School Primary Regular 507 29 7
Lomax Junior High School Middle Regular 626 37 7
La Porte High School High Regular 2,119 134 5

College Park Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 29
7
GreatSchools Rating

Lomax Junior High School

  • Education Level: Middle
  • # of students: 626
  • # of teachers: 37
7
GreatSchools Rating

La Porte High School

  • Education Level: High
  • # of students: 2,119
  • # of teachers: 134
5
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,162
Property Tax -$806
Property Insurance -$229
HOA -$17
Property Management Fees -$99
CASH FLOW
$137

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.

$314,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,631

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,500
$2,500
RENT COMPS ANALYSIS
  • 4206 Dave Alvin Drive Deer Park, TX 1
    • 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.82
    •  
  • 1901 Wynchase Dr Drive Deer Park, TX 2
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jennifer Sweezy-woolsey
1.713.503.4788
316 Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 42666026
Last Updated: 11/21/2020
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