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

4838 Ingleside Court Spring, TX 77388

3 Beds 2 Baths 1,498 sqft Built 1983

$165,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $110.15
  • 11 Days on Market
  • MLS # : 8618603
  • Updated Date : 11/17/2020 at 09:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,498 sqft
  • Baths : 2 full
Listing Agent

Woodway Realty, Llc

Listing Agent's Description

Single Family Traditional Home with a classic 1 Story 3 Bed 2 Bath Layout. This cozy home is has lots of updates and sits on a quiet cul-de-sac. It is walking distance to the nearby schools. Open floor plan, high ceilings, all tile, updated bathrooms, double sinks in master, walk-in closets in all bedrooms, upgraded appliances, double oven and microwave, tons of counter space in kitchen, breakfast bar, new windows, Super clean, ready to move in now.

SEE MORE

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: Bridgestone

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k270k

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

Neighborhood: Bridgestone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8791932

* 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
Roth Elementary School Primary Regular 696 47 6
Schindewolf Intermediate School Middle Regular 1,321 78 6
Klein Collins High School High Regular 3,580 201 6

Roth Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 47
6
GreatSchools Rating

Schindewolf Intermediate School

  • Education Level: Middle
  • # of students: 1,321
  • # of teachers: 78
6
GreatSchools Rating

Klein Collins High School

  • Education Level: High
  • # of students: 3,580
  • # of teachers: 201
6
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$609
Property Tax -$388
Property Insurance -$128
HOA -$20
Property Management Fees -$99
CASH FLOW
$155

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.

$165,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

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$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$14,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,401

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4004$1,4705$1,595
$1,595
RENT COMPS ANALYSIS
  • 4838 Ingleside Court Spring, TX 3
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 4814 Diehlwood Place Spring, TX 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1984
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.87
    •  
  • 21611 Crescent Heights Street Spring, TX 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1984
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 4907 Bridgemont Lane Spring, TX 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1984
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.97
    •  
  • 21707 Crescent Heights Street Spring, TX 5
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1984
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
PROPERTY LISTING DETAILS
James Spitz
1.832.707.3225
Woodway Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 8618603
Last Updated: 11/17/2020
BESbswy