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5126 Breckenridge Drive Houston, TX 77066

3 Beds 2 Baths 1,185 sqft Built 1996

$164,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $139.16
  • 7 Days on Market
  • MLS # : 18415980
  • Updated Date : 10/28/2020 at 17:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,185 sqft
  • Baths : 2 full
Listing Agent

Absolute Realty Group Inc.

Listing Agent's Description

This is what you have been searching for! Fantastic location, close to BW 8, easy access to I-45 and 290. This cozy 1 story brick home features an open kitchen with brand-new cabinets you will love! high ceiling! Clean, updated and ready to move in! Stainless appliances, new laminate flooring in one bedroom, fresh paint. Covered patio. So many outstanding features, it's a must-see! No flooding. Make 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: Copper Creek

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Copper Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Wilson Intermediate School Primary Magnet 1,044 53 4
Plummer Middle School Middle Regular 962 61 4
Davis Senior High School High Regular 2,542 149 2

Wilson Intermediate School

  • Education Level: Primary
  • # of students: 1,044
  • # of teachers: 53
4
GreatSchools Rating

Plummer Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 61
4
GreatSchools Rating

Davis Senior High School

  • Education Level: High
  • # of students: 2,542
  • # of teachers: 149
2
GreatSchools Rating
 

$148,410$181,390$164,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$608
Property Tax -$424
Property Insurance -$107
HOA -$32
Property Management Fees -$99
CASH FLOW
$69

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$164,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,449

INVESTMENT

$49,449

Down Payment
$41,225
Rehab Estimate
$5,750
Closing Costs
$2,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,225
Loan Amount $123,675
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$8,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,206

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,165
1$1,1652$1,2003$1,2504$1,3405$1,375
$1,375
RENT COMPS ANALYSIS
  • 5126 Breckenridge Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.13
    •  
  • 11537 Springshire Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,145 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,145 Sqft ∙ Built 1984
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,165
    • $1.02
    •  
  • 11524 Springshire Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 1984
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 12107 Ember Lake Road Houston, TX 3
    • 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1984
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 3843 Buckhurst Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1983
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.01
    •  
PROPERTY LISTING DETAILS
Anh Tran
1.713.518.6132
Absolute Realty Group Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 18415980
Last Updated: 10/28/2020
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