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6518 Lost Pines Bend Houston, TX 77049

3 Beds 2 Baths 1,795 sqft Built 2015

$206,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $114.76
  • 4 Days on Market
  • MLS # : 16315294
  • Updated Date : 11/06/2020 at 11:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fabulous location! This LGI home built in 2015 offers all that one could want in a single family one story. Open and lively, the great room features ample ceiling height, stunning wood flooring along with French doors opening the space into refreshing outdoor living. Luxurious master suite includes garden tub, standalone glass shower, tile floors and granite countertops throughout. The unique combination of luxury and proximity makes this hidden jewel truly priceless.

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: Hunterwood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $71k222k

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

Neighborhood: Hunterwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8741677

* 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
Tice Elementary School Primary Regular 739 42 5
Cunningham Middle School Middle Regular 1,014 62 6
North Shore Senior High School High Regular 4,664 286 4

Tice Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 42
5
GreatSchools Rating

Cunningham Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 62
6
GreatSchools Rating

North Shore Senior High School

  • Education Level: High
  • # of students: 4,664
  • # of teachers: 286
4
GreatSchools Rating
 

$185,400$226,600$206,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$760
Property Tax -$434
Property Insurance -$149
HOA -$27
Property Management Fees -$99
CASH FLOW
$182

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.

$206,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,340

INVESTMENT

$60,340

Down Payment
$51,500
Rehab Estimate
$5,750
Closing Costs
$3,090

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,500
Loan Amount $154,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$19,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,7004$1,7005$1,965
$1,965
RENT COMPS ANALYSIS
  • 6518 Lost Pines Bend Houston, TX 2
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 13350 Pine Tree Forest Trail Houston, TX 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2010
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.06
    •  
  • 7506 Windsor Valley Lane Houston, TX 3
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2017
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 7519 Windsor Valley Lane Houston, TX 4
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 2016
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
  • 14506 Burleson Bend Drive Houston, TX 5
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2012
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.95
    •  
PROPERTY LISTING DETAILS
Nakisha Johnson
1.832.306.0930
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 16315294
Last Updated: 11/06/2020
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