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530 Douro Drive Crosby, TX 77532

5 Beds 3 Baths 2,628 sqft Built 2018

$239,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $91.29
  • 41 Days on Market
  • MLS # : 28387616
  • Updated Date : 12/22/2020 at 12:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,628 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jane Byrd Properties Intl.

Listing Agent's Description

So much space in this beautiful 5 Bed/2.5 Bath home located on large corner lot in Newport. Kitchen features granite countertops, stainless steel appliances and pantry. Refrigerator stays! Entertain family and friends in the first floor living room and second floor game room. Primary Bedroom is located on the 1st floor and features separate tub/shower and walk-in closet. All secondary bedrooms are located upstairs and include walk-in closets in each. Extended 17' x 32' patio area is great for relaxing after a long day. Neighborhood features community pool, greenbelt trails, golf course, and river/lake access. Zoned to Crosby ISD schools. Schedule a tour of this home 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

Zip Code: 77532

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77532

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8591677

* 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
Newport Elementary School Primary Regular 683 48 7
Crosby Middle School Middle Regular 809 50 6
Crosby Middle School High Regular 809 50 6

Newport Elementary School

  • Education Level: Primary
  • # of students: 683
  • # of teachers: 48
7
GreatSchools Rating

Crosby Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 50
6
GreatSchools Rating

Crosby Middle School

  • Education Level: High
  • # of students: 809
  • # of teachers: 50
6
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$885
Property Tax -$579
Property Insurance -$205
HOA -$55
Property Management Fees -$99
CASH FLOW
$78

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.

$239,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.3%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$1,9004$2,150
$2,150
RENT COMPS ANALYSIS
  • 530 Douro Drive Crosby, TX 3
    • 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 6210 Borage Street Crosby, TX 1
    • 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2007
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 16407 Azimuth Drive Crosby, TX 2
    • 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 2006
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.65
    •  
  • 16146 Fairway Creek Circle Crosby, TX 4
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2015
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
PROPERTY LISTING DETAILS
Bonnie Butler
1.281.380.7378
Jane Byrd Properties Intl.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 28387616
Last Updated: 12/22/2020
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