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710 Bayou Bend Drive Deer Park, TX 77536

4 Beds 3 Baths 2,279 sqft Built 1988

$250,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $109.70
  • 2 Days on Market
  • MLS # : 37920282
  • Updated Date : 02/13/2021 at 12:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,279 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous two story home waiting for its new owners right in the heart of Deer Park!! Wide open floor plan with tons of natural light offer a great space for entertaining. All bedrooms are upstairs in this well maintained gem! Call today for more information!

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: South Pasadena Plaza

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

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

Neighborhood: South Pasadena Plaza

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8721681

* 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
Jp Dabbs Elementary School Primary Regular 762 49 5
Deer Park High School South Campus High Regular 4,103 258 6
Deer Park High School North Campus High Regular NA

Jp Dabbs Elementary School

  • Education Level: Primary
  • # of students: 762
  • # of teachers: 49
5
GreatSchools Rating

Deer Park High School South Campus

  • Education Level: High
  • # of students: 4,103
  • # of teachers: 258
6
GreatSchools Rating

Deer Park High School North Campus

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$868
Property Tax -$640
Property Insurance -$181
Property Management Fees -$99
CASH FLOW
$91

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.

$250,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.6%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,8004$1,8805$2,000
$2,000
RENT COMPS ANALYSIS
  • 710 Bayou Bend Drive Deer Park, TX 4
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.82
    •  
  • 2706 Lufkin Lane Deer Park, TX 1
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1975
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
  • 1717 Concord Street Deer Park, TX 2
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 1975
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 4135 Dogwood Hill Street Pasadena, TX 3
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2005
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 1114 Bayou Bend Drive Deer Park, TX 5
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1989
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Cody Scurlock
1.281.946.9987
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37920282
Last Updated: 02/13/2021
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