Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5219 Caldera Court Houston, TX 77066

4 Beds 3 Baths 2,528 sqft Built 2013

$205,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $81.09
  • 2 Days on Market
  • MLS # : 51861867
  • Updated Date : 11/07/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,528 sqft
  • Baths : 2 full , 1 half
Listing Agent

Metropolitan Properties, Usa

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

Zip Code: 77066

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77066

ZipNIR 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
 

$184,500$225,500$205,000

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 -$756
Property Tax -$441
Property Insurance -$198
HOA -$42
Property Management Fees -$99
CASH FLOW
$194

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.

$205,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.84%

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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$19,800

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
  • $0.68

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6604$1,7305$1,735
$1,735
RENT COMPS ANALYSIS
  • 5219 Caldera Court Houston, TX 4
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.68
    •  
  • 5211 Natasha Run Lane Houston, TX 1
    • 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2003
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 5121 Dartmoor Ridge Trail Houston, TX 2
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2014
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.65
    •  
  • 5419 Oak Falls Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1999
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.71
    •  
  • 5618 Imperial Grove Drive Houston, TX 5
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 1999
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.74
    •  
PROPERTY LISTING DETAILS
Karen Montealvo
1.713.957.2132
Metropolitan Properties, Usa
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 51861867
Last Updated: 11/07/2020
BESbswy