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6030 Dyer Brook Drive Houston, TX 77041

3 Beds 3 Baths 1,869 sqft Built 1984

$180,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $96.31
  • 2 Days on Market
  • MLS # : 75584562
  • Updated Date : 11/14/2020 at 19:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,869 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Platinum

Listing Agent's Description

Beautiful 2 story home in Concord Bridge! This floor plan makes this home great for entertaining! Kitchen boasts of stainless appliances, gas cooktop, and much more! 3 large bedrooms, 2 full and one half bath. Extra room at the front of home is flexible to make as an office, study/library, formal dining, extra living area! Oversized backyard has endless potential. Area pool is only walking distance! Located close to amazing shopping and restaurants!! Close to Beltway 8. Great for commuters. Truly 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: Concord Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k250k

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

Neighborhood: Concord Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7831677

* 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
Lee Elementary School Primary Regular 1,011 60 7
Truitt Middle School Middle Regular 1,412 94 5
Cypress Ridge High School High Regular 3,030 195 5

Lee Elementary School

  • Education Level: Primary
  • # of students: 1,011
  • # of teachers: 60
7
GreatSchools Rating

Truitt Middle School

  • Education Level: Middle
  • # of students: 1,412
  • # of teachers: 94
5
GreatSchools Rating

Cypress Ridge High School

  • Education Level: High
  • # of students: 3,030
  • # of teachers: 195
5
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$664
Property Tax -$418
Property Insurance -$154
HOA -$29
Property Management Fees -$99
CASH FLOW
$236

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.

$180,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$22,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 6030 Dyer Brook Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 13435 Bridgewalk Lane Houston, TX 1
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1983
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 13715 Dempley Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1991
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 13315 Misty Mill Drive Houston, TX 3
    • 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
    •  
  • 13219 Klamath Falls Drive Houston, TX 5
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Emily Sanker
1.281.250.4498
Keller Williams Platinum
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 75584562
Last Updated: 11/14/2020
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