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

5555 Forest Trails Drive Houston, TX 77084

4 Beds 3 Baths 2,470 sqft Built 1992

$220,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $89.07
  • 3 Days on Market
  • MLS # : 65919330
  • Updated Date : 01/16/2021 at 16:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,470 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realm Real Estate Professional

Listing Agent's Description

This is it! Central location. Fabulous 4 bedroom/ 2.5 baths with primary bedroom down. 3 beds up and game room upstairs. Roof 2020 and fresh paint outside and inside. NO CARPET. Tile, wood and laminate flooring. Large open family room with gas log fireplace. Cozy kitchen and breakfast nook. Primary suite with huge walk-in closet, garden tub with separate shower and double sinks. Mature landscaping and large back yard. Close to dining, entertainment and retail. Near 99, 290 and Hyw 6.

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: Windsong

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Windsong

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8431677

* 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 Elementary School Primary Regular 861 53 7
Watkins Middle School Middle Regular 1,305 78 5
Cypress Lakes High School High Regular 3,599 210 5

Wilson Elementary School

  • Education Level: Primary
  • # of students: 861
  • # of teachers: 53
7
GreatSchools Rating

Watkins Middle School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 78
5
GreatSchools Rating

Cypress Lakes High School

  • Education Level: High
  • # of students: 3,599
  • # of teachers: 210
5
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$764
Property Tax -$498
Property Insurance -$194
HOA -$36
Property Management Fees -$99
CASH FLOW
$89

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.

$220,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,5953$1,6004$1,6505$1,680
$1,680
RENT COMPS ANALYSIS
  • 5555 Forest Trails Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.68
    •  
  • 5803 Windcliff Court Katy, TX 1
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2002
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.67
    •  
  • 17510 Chatham Way Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1996
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.65
    •  
  • 6027 Hatfield Glen Drive Katy, TX 3
    • 3 beds 3 baths ∙ 2,385 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,385 Sqft ∙ Built 2003
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 18154 Garden Manor Drive Houston, TX 4
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1990
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
PROPERTY LISTING DETAILS
Christina Conn
1.281.782.5236
Realm Real Estate Professional
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65919330
Last Updated: 01/16/2021
BESbswy