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5410 Palamino Court Humble, TX 77346

3 Beds 2 Baths 2,041 sqft Built 1980

$189,999

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $93.09
  • 21 Days on Market
  • MLS # : 56267916
  • Updated Date : 11/02/2020 at 20:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

This wonderful 2 story home located in a Cul De Sac features an open floor plan. The family room features vaulted ceilings and a wood burning fireplaces to cozy up to on a cold winter day. This home has updated kitchen countertops, beautiful glass tile backsplash and freshly painted cabinets. Another great feature to this home is the primary bedroom is located on the 1st floor with all secondary bedrooms on the 2nd floor. New HVAC system installed in 2020.This homes windows were replaced with Window World windows that comes with a Lifetime Warranty. Neighborhood amenities include beautiful walking paths and pool. Centrally located and zoned to highly acclaimed Humble ISD schools provide the complete package for an excellent choice for your new home! This home is a MUST SEE!

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: Oaks of Atascocita

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Oaks of Atascocita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Oaks Elementary School Primary Regular 563 37 6
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Oaks Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 37
6
GreatSchools Rating

Timberwood Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 81
7
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$170,999$208,999$189,999

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$701
Property Tax -$452
Property Insurance -$165
HOA -$40
Property Management Fees -$99
CASH FLOW
$54

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.

$189,999

PROJECTED PRICE

$1,510

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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

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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,499
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$5,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,5003$1,5104$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5410 Palamino Court Humble, TX 3
    • 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.74
    •  
  • 5303 Enchanted Mist Drive Humble, TX 1
    • 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 1977
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.71
    •  
  • 5511 Mossy Timbers Drive Humble, TX 2
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1977
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 5547 Fawn Trail Lane Humble, TX 4
    • 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 1984
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
  • 5435 Mossy Timbers Drive Humble, TX 5
    • 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Kayla Verret
1.832.577.6640
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 56267916
Last Updated: 11/02/2020
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