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4802 Arnold Drive Pearland, TX 77584

5 Beds 3 Baths 2,323 sqft Built 1990

$270,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $116.23
  • 4 Days on Market
  • MLS # : 14644248
  • Updated Date : 03/26/2021 at 18:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,323 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nextgen Real Estate Properties

Listing Agent's Description

This stunning one-story is located on 3/4 acre and is move-in-ready! The home has many updates throughout and brand new appliances. The kitchen is beautifully updated with herringbone backsplash, a farmhouse sink, and a pendant chandelier. This home has 5 bedrooms, and two flex rooms that could be converted into a bedroom/study/or game room! The bedrooms feature wood floors and walk-in closets with custom built-ins. The spacious backyard has two large sheds for storage. This home has never flooded and won't last long!!

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: 77584

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77584

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Massey Ranch Elementary School Primary Regular 721 42 7
Pearland Jr High South Middle Regular 802 50 8
Glenda Dawson High School High Regular 2,257 130 8

Massey Ranch Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 42
7
GreatSchools Rating

Pearland Jr High South

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 50
8
GreatSchools Rating

Glenda Dawson High School

  • Education Level: High
  • # of students: 2,257
  • # of teachers: 130
8
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$938
Property Tax -$607
Property Insurance -$184
Property Management Fees -$99
CASH FLOW
$122

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.

$270,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.5%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,905

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9004$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 4802 Arnold Drive Pearland, TX 5
    • 5 beds 3 baths ∙ 2,323 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,323 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 4914 Sterling Crossing Pearland, TX 1
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 1996
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 4922 Carrington Court Pearland, TX 2
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 4919 Carrington Court Pearland, TX 3
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 4819 Lochman Lane Pearland, TX 4
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1997
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.85
    •  
PROPERTY LISTING DETAILS
Hannah Reynolds
1.713.540.9888
Nextgen Real Estate Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 14644248
Last Updated: 03/26/2021
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