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4208 Pine Mill Court Pearland, TX 77584

5 Beds 4 Baths 2,790 sqft Built 2012

$299,999

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $107.53
  • 5 Days on Market
  • MLS # : 59051546
  • Updated Date : 12/10/2020 at 08:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,790 sqft
  • Baths : 3 full , 1 half
Listing Agent

Cb & A, Realtors

Listing Agent's Description

2020 Sux.....this house doesn't.... This beautiful, classic layout home is move in ready and perfect for your family! The home features 5 large bedrooms 3 full baths and a half bath downstairs. Beautiful updated flooring throughout the first floor and paint make you feel at home. First floor also features the primary bedroom and huge office/study. Second floor has 4 large secondary bedrooms, game room, and two full baths. Pearland Farms is highly desired and perfectly located in the center of Pearland. Award winning schools and youth programs this town is second to none! Great Low tax rate!

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: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10352063

* 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
Magnolia Elementary School Primary Regular 808 52 10
Sam Jamison Middle School Middle Regular 814 51 9
Pearland High School High Regular 2,920 177 7

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 52
10
GreatSchools Rating

Sam Jamison Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Pearland High School

  • Education Level: High
  • # of students: 2,920
  • # of teachers: 177
7
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,107
Property Tax -$675
Property Insurance -$216
HOA -$37
Property Management Fees -$99
CASH FLOW
$167

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.

$299,999

PROJECTED PRICE

$2,300

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.6%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,323

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,3004$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4208 Pine Mill Court Pearland, TX 5
    • 5 beds 4 baths ∙ 2,790 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,790 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 3607 Canterbury Park Drive Pearland, TX 1
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2005
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 4704 Lakefront Terrace Drive Pearland, TX 2
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
  • 4806 Lakefront Terrace Court Pearland, TX 3
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2005
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 3909 Waterworth Way Pearland, TX 4
    • 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2016
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
PROPERTY LISTING DETAILS
Ellis Young
1.281.961.0388
Cb & A, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59051546
Last Updated: 12/10/2020
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