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5506 Creek Manor Court 
Houston, TX
77339
4 Beds 2 Baths 1,752 sqft
Built 1983
INVESTimate
$185,000
List Price
$54,775
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PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $105.59
- 13 Days on Market
- MLS # : 71094883
- Updated Date : 08/25/2020 at 10:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,752 sqft
- Baths : 2 full
Listing Agent
Artisan Living
- 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: Lakes on Eldridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakes on Eldridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,390 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$894 | |
| Property Insurance | -$146 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$528
|
||
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.
$185,000
PROJECTED PRICE
$2,390
PROJECTED RENT
1.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 0.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
12.08
YEARS SAVED
$41,264
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,390
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$1,625
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
5506 Creek Manor Court Houston, TX 5
- 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $2,390
- $1.36
-
13315 Misty Mill Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1990
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
12842 Pheasant Lake Court Houston, TX 2
- 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,700
- $0.87
-
13363 Clayton Hill Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1991
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
-
12807 Village Way Drive Houston, TX 4
- 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999
LEASED 08/31/19- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
1.281.369.5620
Artisan Living
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 71094883
Last Updated: 08/25/2020
