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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $120.22
- 54 Days on Market
- MLS # : 75519191
- Updated Date : 11/17/2020 at 12:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,013 sqft
- Baths : 3 full
Listing Agent
Realm Real Estate Professional
Listing Agent's Description
AMAZING LOCATION! This 2 story home is waiting for you in the GATED Wilshire Court! CONVENIENTLY LOCATED 1 MILE FROM 290 WITH EASY ACCESS INTO DOWNTOWN. THIS HOME FEATURES ALL THE SPACE YOU NEED. FORMAL DINING IS PERFECT FOR ENTRTAINING. THE KITCHEN AND FAMILY ROOM HAVE THAT WIDE OPEN FEEL YOU HAVE BEEN LOOKING FOR. 3 BEDROOMS, 2 BATHROOMS AND LAUNDRY ROOM ARE UPSTAIRS. THE 4TH BEDROOM OR STUDY AND A FULL BATHROOM ARE ON THE 1ST FLOOR. House was freshly painted, Oct 2020. MARVELOUS HOME!!!! 2 windows have been ordered and the broken windows will be replaced when they arrive. Make your appointment today!
SEE MORE
- 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)
PRICE & RENT TRENDS
Neighborhood: Wilshire Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wilshire Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$893 |
| Property Tax | -$510 | |
| Property Insurance | -$163 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$242,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,880
LOAN DETAILS
$893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,500 |
| Loan Amount | $181,500 |
3.58
YEARS SAVED
$9,564
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,776
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
6426 Wilshire Fern Houston, TX 2
- 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.89
-
6318 Wilshire Fern Houston, TX 1
- 4 beds 3 baths ∙ 1,989 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,989 Sqft ∙ Built 2010
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
6506 Wilshire Lakes Houston, TX 3
- 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2013
![property image]()
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
6435 Wilshire Lks Houston, TX 4
- 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2013
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,840
- $0.93
-
6322 Wilshire Lakes Houston, TX 5
- 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2009
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,850
- $0.86
PROPERTY LISTING DETAILS
1.713.907.9396
Realm Real Estate Professional
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 75519191
Last Updated: 11/17/2020
