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5102 Spring Branch Drive Pearland, TX 77584

4 Beds 3 Baths 2,386 sqft Built 1991

$242,500

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $101.63
  • 4 Days on Market
  • MLS # : 89733996
  • Updated Date : 01/09/2021 at 12:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gusto Real Estate, Llc

Listing Agent's Description

Welcome to this spacious home in the established Pearland neighborhood of Springfield. Inviting 2 story foyer with ceramic tile. Island kitchen with granite has plentiful cabinets, 2 pantry's and breakfast area. Formal Dining is open to spacious family room with fireplace that overlooks back yard. Huge owners retreat has large walk in closet and fabulous owner's bath has dual sinks updated shower with large soaking tub. Three bedrooms upstairs with hall bath and game room. Enjoy the covered patio that is perfect for entertaining or back yard grilling. No back neighbors. Numerous nearby amenities include schools, city parks with tennis, trails, City Recreation/Natatorium, restaurants. Access to 288 via Bailey. Lower tax rate, NEVER FLOODED.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (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
 

$218,250$266,750$242,500

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$842
Property Tax -$545
Property Insurance -$188
HOA -$13
Property Management Fees -$99
CASH FLOW
$223

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.

$242,500

PROJECTED PRICE

$1,910

PROJECTED RENT

0.79%

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$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,013

INVESTMENT

$70,013

Down Payment
$60,625
Rehab Estimate
$5,750
Closing Costs
$3,638

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$842

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,625
Loan Amount $181,875
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$16,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,052

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9103$1,9254$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 5102 Spring Branch Drive Pearland, TX 2
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.80
    •  
  • 4009 Spring Branch Drive Pearland, TX 1
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1991
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 5109 Big Springs Drive Pearland, TX 3
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.82
    •  
  • 4004 E Spring Branch Drive Pearland, TX 4
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 1994
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 4013 Ivywood Drive Pearland, TX 5
    • 4 beds 4 baths ∙ 2,386 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,386 Sqft ∙ Built 1993
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Theresa Riddle
1.281.381.7951
Gusto Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 89733996
Last Updated: 01/09/2021
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