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627 Aulia Lane Spring, TX 77386

5 Beds 3 Baths 2,497 sqft Built 2011

$312,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $124.95
  • 4 Days on Market
  • MLS # : 42002836
  • Updated Date : 03/26/2021 at 10:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,497 sqft
  • Baths : 2 full , 1 half
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Welcome to 617 Aulia in sought after Aarons Place! This beautiful 5 bedroom, 2 and a half bath former model home has tons of upgrades including a study/office room, granite countertops, a nice game room upstairs ,a large covered patio, and an air conditioned garage who used to be the builders sales office.! With over 2,400 square feet, this home has plenty of space and features a large bonus room upstairs! Schedule your tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77386

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77386

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10132063

* 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
Ford Elementary School Primary Regular 991 58 6
Gerald D Irons Jr High School Middle Unknown 1,102 70 NA
Oak Ridge High School High Regular 3,637 202 8

Ford Elementary School

  • Education Level: Primary
  • # of students: 991
  • # of teachers: 58
6
GreatSchools Rating

Gerald D Irons Jr High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 70
NA
GreatSchools Rating

Oak Ridge High School

  • Education Level: High
  • # of students: 3,637
  • # of teachers: 202
8
GreatSchools Rating
 

$280,800$343,200$312,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,084
Property Tax -$649
Property Insurance -$171
HOA -$29
Property Management Fees -$99
CASH FLOW
$18

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.

$312,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,430

INVESTMENT

$88,430

Down Payment
$78,000
Rehab Estimate
$5,750
Closing Costs
$4,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,000
Loan Amount $234,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,758

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,985
1$1,9852$2,0003$2,0504$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 627 Aulia Lane Spring, TX 3
    • 5 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.82
    •  
  • 519 Holly Crest Drive Spring, TX 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.76
    •  
  • 419 Spindle Ridge Drive Spring, TX 2
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2006
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 503 Glenwood Ridge Drive Spring, TX 4
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2011
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 25126 Andris Lane Spring, TX 5
    • 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2012
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
PROPERTY LISTING DETAILS
Isabel Lopez
1.832.859.4841
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 42002836
Last Updated: 03/26/2021
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