Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $93.85
- 2 Days on Market
- MLS # : 15271032
- Updated Date : 01/30/2021 at 22:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,876 sqft
- Baths : 2 full , 1 half
Listing Agent
Glass House Realty Llc
Listing Agent's Description
Welcome Home to 4502 Mallory Creek Drive!! This GORGEOUS home is located in the gated community of The Estates of Park Lakes! Key features include 4 spacious bedrooms, 2 full and 1 half bathroom, home office which can also be utilized as a formal dining room, gameroom and family room with soaring ceilings! The Owner's Retreat showcases a walk-in closet and luxurious master bath with a soaking tub and separate shower. This corner lot offers plenty of space for entertaining right in your back yard! Perfectly situated just a few quick minutes from the Sam Houston Toll Road, you’ll enjoy a stress-free commute in and around town! Don’t miss an opportunity to see this great home!!
SEE MORE
- 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 Gate at Park Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Gate at Park Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$763 | |
| Property Insurance | -$222 | |
| HOA | -$88 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$131
|
||
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.
$269,900
PROJECTED PRICE
$2,240
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
3.42
YEARS SAVED
$8,132
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,322
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
4502 Mallory Creek Drive Humble, TX 3
- 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,240
- $0.78
-
4731 Red Canna Vista Humble, TX 1
- 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 2007
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
-
14914 Fall Creek Preserve Drive Humble, TX 2
- 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2012
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
-
9219 Lakeway View Lane Humble, TX 4
- 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 2005
LEASED 01/13/21- Rent
- Rent Per SQFT
- $2,250
- $0.84
-
9503 Fossil Canyon Drive Humble, TX 5
- 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,325
- $0.84
PROPERTY LISTING DETAILS
1.832.372.4135
Glass House Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 15271032
Last Updated: 01/30/2021
