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5723 Arenas Timbers Drive Humble, TX 77346

4 Beds 3 Baths 2,441 sqft Built 1981

$199,999

List Price

$1,800

$1.6K - $2K

Rent Est.

$58,750

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.2%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.3%
Cash Flow	$3,612
Value Increase	$12,839

10 YEAR

Cash On Cash	0.9%
Total Return	12.6%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

February 06, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1981
Price/Sqft : $81.93
2 Days on Market
MLS # : 37769016
Updated Date : 02/06/2021 at 00:04

CONSTRUCTION

Beds : 4
Floor Size : 2,441 sqft
Baths : 2 full , 1 half

Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Great home situated in the Oaks of Atascocita Community. Home features 4 bedrooms, 2 full baths, half bath and a 2 car detached garage. Interior of the home is very open and spacious with a nice cozy gas fire place. Home is centrally located to just about anything you may need from eateries, shopping and easy access to major highways to include FM 1960 and Hwy 59.

5723 Arenas Timbers Dr

Atascocita, Texas

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MARKET HIGHLIGHTS

Houston Market Report

Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
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)

Neighborhood: Oaks of Atascocita

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

Neighborhood: Oaks of Atascocita

* 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

GreatSchools Rating

Timberwood Middle School

Education Level: Middle
# of students: 1,376
# of teachers: 81

GreatSchools Rating

Atascocita High School

Education Level: High
# of students: 3,214
# of teachers: 182

GreatSchools Rating

FINANCIALS

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$179,999$219,99900$199,999

PURCHASE PRICE

$1,620$1,98000$1,800

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,800
EXPENSES	Loan Payment	-$695
	Property Tax	-$475
	Property Insurance	-$192
	HOA	-$38
	Property Management Fees	-$99



CASH FLOW $301

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.

$199,999

PROJECTED PRICE

$1,800

PROJECTED RENT

0.90%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$58,750

Down Payment	$50,000
Rehab Estimate	$5,750
Closing Costs	$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$50,000
Loan Amount	$149,999

See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$22,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,800
LIST RENT
$0.74
LIST RENT PER SQFT

$1,904
COMP ESTIMATED VALUE
$0.78
COMP AVG. RENT PER SQFT

Comps Range

$1,650

1$1,6502$1,8003$1,8004$1,8005$1,895

$1,895

RENT COMPS ANALYSIS

2,441
PROPERTY SQFT
$0.78
AVG RENT PER SQFT
$1,904
ESTIMATED VALUE
$1,800
LIST RENT

5723 Arenas Timbers Drive Humble, TX 1

4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1981
Price

Price Per SQFT

$199,999

$81.93
19507 Spoonwood Drive Humble, TX 2

4 beds 3 baths ∙ 2,382 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 1977
SOLD 10/19/20
Price

Price Per SQFT

$200,000

$83.96
5615 Kiowa Timbers Drive Humble, TX 3

4 beds 3 baths ∙ 2,508 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 1979
SOLD 09/15/20
Price

Price Per SQFT

$202,000

$80.54
19607 Alinawood Drive Humble, TX 4

4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1979
SOLD 09/18/20
Price

Price Per SQFT

$204,900

$79.76
19727 Faye Oaks Humble, TX 5

4 beds 3 baths ∙ 2,381 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 1982
SOLD 09/04/20
Price

Price Per SQFT

$214,000

$89.88

5723 Arenas Timbers Drive Humble, TX 4

4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1981
Rent

Rent Per SQFT

$1,800

$0.74
19730 Bambiwoods Court Humble, TX 1

3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1988
LEASED 05/02/20
Rent

Rent Per SQFT

$1,650

$0.73
19307 Oak Station Drive Humble, TX 2

4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1997
LEASED 05/30/20
Rent

Rent Per SQFT

$1,800

$0.80
19507 Oak Station Drive Humble, TX 3

3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1985
LEASED 09/24/20
Rent

Rent Per SQFT

$1,800

$0.77
5819 Enchanted Timbers Drive Humble, TX 5

4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1976
LEASED 01/27/21
Rent

Rent Per SQFT

$1,895

$0.82

PROPERTY LISTING DETAILS

Leon Castro
1.713.922.8607
Compass Re Texas, Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37769016
Last Updated: 02/06/2021

5723 Arenas Timbers Drive Humble, TX 77346

$199,999

$1,800

$58,750

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Oaks Elementary School

Timberwood Middle School

Atascocita High School

FINANCIALS

$179,999$219,99900$199,999

$1,620$1,98000$1,800

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$199,999

$1,800

0.90%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$695

8.5

$22,703

$199,999

$81.93

$203,909

$83.54

COMPS RANGE

PRICE COMPS ANALYSIS

$1,800

$0.74

$1,904

$0.78

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS