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4211 Brookhead Trail Houston, TX 77066

3 Beds 2 Baths 1,713 sqft Built 1980

$119,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $69.47
  • 3 Days on Market
  • MLS # : 59123797
  • Updated Date : 12/05/2020 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

INVESTOR SPECIAL!!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$107,100$130,900$119,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$439
Property Tax -$287
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
$422

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.

$119,000

PROJECTED PRICE

$1,390

PROJECTED RENT

1.17%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.1%
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$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$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$37,285

INVESTMENT

$37,285

Down Payment
$29,750
Rehab Estimate
$5,750
Closing Costs
$1,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $29,750
Loan Amount $89,250
See What Happens When You Reinvest Cash Flow

16.25

YEARS SAVED

$37,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3903$1,3954$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4211 Brookhead Trail Houston, TX 2
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.81
    •  
  • 12639 Tracewood Lane Houston, TX 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1985
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 4239 Southchase Lane Houston, TX 3
    • 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
    •  
  • 13739 Sablegarden Lane Houston, TX 4
    • 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1992
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 4242 Bridledon Lane Houston, TX 5
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1983
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cody Scurlock
1.281.946.9987
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59123797
Last Updated: 12/05/2020
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