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5003 Caprock Drive Pearland, TX 77584

3 Beds 2 Baths 1,886 sqft Built 2001

$227,500

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $120.63
  • 5 Days on Market
  • MLS # : 11123310
  • Updated Date : 10/31/2020 at 21:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to 5003 Caprock in highly sought after Park Village Estates. Nestled on a unique lot with no back neighbors and no side neighbors on east side of lot offering extra privacy. Amazing opportunity in highly acclaimed Pearland school district. This home's features include but are not limited to a wonderful open concept from the kitchen to the living room, breakfast bar, high ceilings, split plan with private primary bedroom and bath, front extra room converted to office or bedroom, updated primary bath with updated shower enclosure, fresh interior paint, corner set gas log fireplace, walk in pantry, fruit bearing orange tree in the back and more! The home has an excellent location with easy access to Pearland Pkwy, 288, or Hwy 35 via Bailey Rd. Do not miss out on this opportunity and schedule your appointment today!

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: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10352063

* 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
Magnolia Elementary School Primary Regular 808 52 10
Sam Jamison Middle School Middle Regular 814 51 9
Pearland High School High Regular 2,920 177 7

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 52
10
GreatSchools Rating

Sam Jamison Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Pearland High School

  • Education Level: High
  • # of students: 2,920
  • # of teachers: 177
7
GreatSchools Rating
 

$204,750$250,250$227,500

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$839
Property Tax -$578
Property Insurance -$155
HOA -$18
Property Management Fees -$99
CASH FLOW
$42

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.

$227,500

PROJECTED PRICE

$1,730

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,038

INVESTMENT

$66,038

Down Payment
$56,875
Rehab Estimate
$5,750
Closing Costs
$3,413

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$839

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,875
Loan Amount $170,625
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7304$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 5003 Caprock Drive Pearland, TX 3
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.92
    •  
  • 4116 Cleburne Drive Pearland, TX 1
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 4203 Seminole Drive Pearland, TX 2
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2002
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 5010 Blanco Drive Pearland, TX 4
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2004
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 4107 Mustang Road Pearland, TX 5
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2001
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Zar Garcia
1.832.439.0352
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 #: 11123310
Last Updated: 10/31/2020
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