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4430 Sunlit Pass Loop Humble, TX 77396

3 Beds 2 Baths 1,792 sqft Built 2006

$199,500

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $111.33
  • 4 Days on Market
  • MLS # : 87220513
  • Updated Date : 01/29/2021 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,792 sqft
  • Baths : 2 full
Listing Agent

Southern Star Realty

Listing Agent's Description

This home won't last long! Recently updated kitchen with beautiful countertops and backsplash. Your client will fall in love with the open kitchen/dining area. Island large enough for seating. The main living area has beautiful custom Tuscany style painted walls with laminate flooring. The exterior has been recently painted and the updated garage doors add to this beautiful home curve appeal. This home is a short walk to the stores, the walking trail, lake, park, and splashpad! Great location, easy access to major highways, just minutes away from Downtown and IAH airport.

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: Canyon Village at Park Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $74k326k

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

Neighborhood: Canyon Village at Park Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101763

* 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
Park Lakes Elementary School Primary Regular 716 49 5
Humble Middle School Middle Regular 1,113 75 4
Humble High School High Regular 1,615 112 3

Park Lakes Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 49
5
GreatSchools Rating

Humble Middle School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 75
4
GreatSchools Rating

Humble High School

  • Education Level: High
  • # of students: 1,615
  • # of teachers: 112
3
GreatSchools Rating
 

$179,550$219,450$199,500

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$693
Property Tax -$564
Property Insurance -$148
Property Management Fees -$99
CASH FLOW
$156

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.

$199,500

PROJECTED PRICE

$1,660

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.2%
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$700k

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$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$693

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$12,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,5953$1,6604$1,6755$1,800
$1,800
RENT COMPS ANALYSIS
  • 4430 Sunlit Pass Loop Humble, TX 3
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.93
    •  
  • 4331 Granite Park Way Humble, TX 1
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.92
    •  
  • 4319 Granite Park Way Humble, TX 2
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2006
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 4335 Granite Park Way Humble, TX 4
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 4503 Early Autumn Court Humble, TX 5
    • 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2005
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Queshana Naylor
1.281.845.9976
Southern Star Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 87220513
Last Updated: 01/29/2021
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