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4511 Pioneer Trail Trail Sugar Land, TX 77479

3 Beds 2 Baths 1,721 sqft Built 1984

$190,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $110.40
  • 12 Days on Market
  • MLS # : 23475157
  • Updated Date : 03/12/2021 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,721 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

This home has great potential and is priced to sell as a fixer upper in a great location in a beautiful well kept subdivision. The home is located 2 miles from the Sugar Land town square with great restaurants and shopping. The home is walking distance to 2 of the area schools. Great investor property.

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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: Lakefield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Lakefield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Austin Parkway Elementary School Primary Regular 1,014 62 8
First Colony Middle School Middle Regular 1,266 69 10
Clements High School High Regular 2,439 128 10

Austin Parkway Elementary School

  • Education Level: Primary
  • # of students: 1,014
  • # of teachers: 62
8
GreatSchools Rating

First Colony Middle School

  • Education Level: Middle
  • # of students: 1,266
  • # of teachers: 69
10
GreatSchools Rating

Clements High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 128
10
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$660
Property Tax -$444
Property Insurance -$127
HOA -$63
Property Management Fees -$99
CASH FLOW
$308

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.

$190,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.2%
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$100k$200k$300k$400k$500k$600k$700k

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$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$24,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7004$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 4511 Pioneer Trail Trail Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 4407 Alamo Avenue Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1985
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 3106 Great Lakes Avenue Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1984
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 2919 Great Lakes Avenue Sugar Land, TX 3
    • 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 1984
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 4527 Pioneer Trail Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1984
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
PROPERTY LISTING DETAILS
Debra Hibbard
1.936.332.4422
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 23475157
Last Updated: 03/12/2021
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