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4815 Meadowglen Drive Pearland, TX 77584

4 Beds 2 Baths 1,775 sqft Built 1988

$217,500

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $122.54
  • 3 Days on Market
  • MLS # : 58759533
  • Updated Date : 01/15/2021 at 18:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Need a starter home or have need for more space? What an opportunity awaits those willing to act! 4 bdrm, 2 bath home completely ready for a new occupants! New flooring, new carpet, fresh paint, remodeled hall bath, spacious back yard that backs up to Fife Road. No back neighbors!! There is a spacious large living area with fireplace that has a dining area at one end. Leads into the kitchen for easy convenience. Very livable floor plan with entry from garage leading to the bedrooms. Refrigerator, washer & dryer will remain. This home is close to schools and parks and a great location to either West or East Pearland! Vacant & ready for a quick close if needed! Check our pictures/descriptions and make your appointment!! Room sizes are approximate.

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: Southwyck

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Southwyck

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10382063

* 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
Rogers Middle School Primary Regular 889 49 9
Berry Miller Jr High School Middle Regular 961 52 9
Glenda Dawson High School High Regular 2,257 130 8

Rogers Middle School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 49
9
GreatSchools Rating

Berry Miller Jr High School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 52
9
GreatSchools Rating

Glenda Dawson High School

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

$195,750$239,250$217,500

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$755
Property Tax -$489
Property Insurance -$147
HOA -$49
Property Management Fees -$99
CASH FLOW
$180

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.

$217,500

PROJECTED PRICE

$1,720

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,388

INVESTMENT

$63,388

Down Payment
$54,375
Rehab Estimate
$5,750
Closing Costs
$3,263

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$755

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,375
Loan Amount $163,125
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$13,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,7904$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 4815 Meadowglen Drive Pearland, TX 1
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.97
    •  
  • 4914 Pecan Grove Drive Pearland, TX 2
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1988
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 2514 Chestnut Circle Pearland, TX 3
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1987
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.93
    •  
  • 2919 Foxden Drive Pearland, TX 4
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 1997
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 3015 Russett Place Pearland, TX 5
    • 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1996
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Nancy Bowen
1.713.503.1044
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 58759533
Last Updated: 01/15/2021
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