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4625 Orange Circle Pearland, TX 77581

3 Beds 2 Baths 1,453 sqft Built 1980

$179,990

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $123.87
  • 3 Days on Market
  • MLS # : 6420421
  • Updated Date : 11/01/2020 at 21:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,453 sqft
  • Baths : 1 full , 1 half
Listing Agent

Top Agents Real Estate

Listing Agent's Description

One story brick house , Never flooded , updated flooring ,no carpet anywhere ,nice size rooms ,pool size backyard, Lifetime foundation warranty, Updated plumbing system, insulated garage ,nice curb appeal , great location, close to BLTWY 8 and shopping malls. Tenant is in process of moving out, interior pictures coming soon.

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
Leon Sablatura Middle School Primary Regular 805 45 8
Pearland Jr High West Middle Regular 848 49 9
Pearland High School High Regular 2,920 177 7

Leon Sablatura Middle School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 45
8
GreatSchools Rating

Pearland Jr High West

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 49
9
GreatSchools Rating

Pearland High School

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

$161,991$197,989$179,990

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$664
Property Tax -$405
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$257

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.

$179,990

PROJECTED PRICE

$1,550

PROJECTED RENT

0.86%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$53,447

INVESTMENT

$53,447

Down Payment
$44,998
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,998
Loan Amount $134,993
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$24,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5994$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 4625 Orange Circle Pearland, TX 2
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 5008 Rockland Drive Pearland, TX 1
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1976
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 5515 Cunningham Drive Pearland, TX 3
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1979
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.05
    •  
  • 2202 Cedar Street Pearland, TX 4
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1966
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 5209 Halbert Drive Pearland, TX 5
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1971
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
PROPERTY LISTING DETAILS
Nabil Chayeb
1.281.703.4748
Top Agents Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 6420421
Last Updated: 11/01/2020
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