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4915 Fair Oak Dale Lane Humble, TX 77346

3 Beds 3 Baths 2,069 sqft Built 2009

$192,500

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $93.04
  • 2 Days on Market
  • MLS # : 36030960
  • Updated Date : 12/12/2020 at 15:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,069 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

Price of ownership abounds in this beautifully maintained home with recent interior paint (Dec 2020) and lovely wood floors in large den/formal dining combo. Cozy corner fireplace serves the den as well as the breakfast room area. Island kitchen has solid surface counters, gas range and lots of cabinets. Kitchen and breakfast room overlook covered patio in backyard. Spacious laundry room. Upstairs features nicely sized gameroom. Master is large and master bath features walk in shower plus soaking tub. Secondary bedrooms are spacious and have plenty of closet space. Outside features covered patio with oversized backyard and mature landscaping. Real brick exterior and double driveway. Close to shopping and quick access to 59 and airport. Be downtown in 20 minutes! Lovely home at a great price. Don't miss this one! Move in ready!

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: Atascocita

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k280k

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

Neighborhood: Atascocita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10421823

* 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
Whispering Pines Elementary School Primary Regular 749 51 3
Humble Middle School Middle Regular 1,113 75 4
Humble High School High Regular 1,615 112 3

Whispering Pines Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 51
3
GreatSchools Rating

Humble Middle School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 75
4
GreatSchools Rating

Humble High School

  • Education Level: High
  • # of students: 1,615
  • # of teachers: 112
3
GreatSchools Rating
 

$173,250$211,750$192,500

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$710
Property Tax -$490
Property Insurance -$167
HOA -$36
Property Management Fees -$99
CASH FLOW
$108

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.

$192,500

PROJECTED PRICE

$1,610

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.8%
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-$2.0k$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,763

INVESTMENT

$56,763

Down Payment
$48,125
Rehab Estimate
$5,750
Closing Costs
$2,888

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$710

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,125
Loan Amount $144,375
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,6004$1,6105$1,700
$1,700
RENT COMPS ANALYSIS
  • 4915 Fair Oak Dale Lane Humble, TX 4
    • 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.78
    •  
  • 18011 Falcon Forest Court Humble, TX 1
    • 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 1994
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 18019 Hobby Forest Lane Humble, TX 2
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1997
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 11902 Great Basin Court Humble, TX 3
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2006
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 17815 Alpine Brook Lane Humble, TX 5
    • 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 2007
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
PROPERTY LISTING DETAILS
Kim Fazzino
1.713.899.8014
Re/max Associates Northeast
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 36030960
Last Updated: 12/12/2020
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