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4907 Stone Harbor Drive Friendswood, TX 77546

4 Beds 2 Baths 1,986 sqft Built 1990

$260,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $130.92
  • 3 Days on Market
  • MLS # : 37664758
  • Updated Date : 01/30/2021 at 11:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent

Utr Texas, Realtors

Listing Agent's Description

Adorable one story with neutral colors and no carpet. The 4th bedroom with French doors could be a study/office or used as a play room as the current owner has done. Large living room with gas fireplace. Kitchen has stainless steel appliances and island with butcher block countertop. Stand alone tub in master bathroom. Shed in backyard. Schedule appointment today. Please wear MASK inside home.

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: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10102091

* 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
Wedgewood Elementary School Primary Regular 795 47 6
Brookside Intermediate School Middle Regular 802 51 5
Clear Brook High School High Regular 2,335 153 7

Wedgewood Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 47
6
GreatSchools Rating

Brookside Intermediate School

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 51
5
GreatSchools Rating

Clear Brook High School

  • Education Level: High
  • # of students: 2,335
  • # of teachers: 153
7
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$903
Property Tax -$528
Property Insurance -$161
HOA -$30
Property Management Fees -$99
CASH FLOW
$169

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.

$260,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.4%
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$900k

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,8303$1,8504$1,8755$1,890
$1,890
RENT COMPS ANALYSIS
  • 4907 Stone Harbor Drive Friendswood, TX 5
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.95
    •  
  • 5131 Whittier Oaks Drive Friendswood, TX 1
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1978
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.90
    •  
  • 15803 Saint Lawrence Circle Friendswood, TX 2
    • 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1991
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.89
    •  
  • 15815 Pilgrim Hall Drive Friendswood, TX 3
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1990
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 4910 Stone Harbor Drive Friendswood, TX 4
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1990
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.94
    •  
PROPERTY LISTING DETAILS
Valerie Tyler
1.832.444.5391
Utr Texas, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37664758
Last Updated: 01/30/2021
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