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711-a Link Houston, TX 77008

3 Beds 4 Baths 1,850 sqft Built 2018

$359,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $194.54
  • 3 Days on Market
  • MLS # : 84321564
  • Updated Date : 02/05/2021 at 22:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 3 full , 1 half
Listing Agent

Linda Marshall, Realtors Inc.

Listing Agent's Description

HEIGHTS | 2.5 yr old CONSTR| NO HOA FEES | GREAT FREESTANDING HOME WITH REALLY NICE SIDEYARD | VACANT NOW| NO FLOOD AREA | 3 BDRMS, 3 FULL BATHS, 1 HALF BATH, 2 CAR GARAGE | LOCATED IN A GATED Enclave with NO HOA FEE, SPACIOUS OPEN FLOORPLAN FEATURES HUGE 2nd floor LIVING | BEAUTIFUL PLANK HARDWOOD FLOORS | INTERIOR is LITE & BRITE with a large group of windows | BEAUTIFUL SPACIOUS KITCHEN has beautiful abundant CABINETS, (softclose drawer, shaker style) | STAINLESS & BLACK APPLS,SS REFRIGERATOR INCLUDED | FULL DINING ROOM with MORE WINDOWS | ATTRACTIVE light Granite & TASTEFUL backsplash |MASTER BEDROOM has LUXURIOUS MASTER BATH, SEP TUB & SHOWER, DOUBLE GRANITE VANITY, BIG WALK IN CLOSET, | TWO NICE SECONDARY BDRMS w/ ENSUITE BATHS, Home sits on an Engineer Designed Foundation, Energy Efficient Low E windows & Radiant barrier | FULL SIZED WASHER/DRYER, BLINDS INCLUDED |around corner from New FOODIE Farmer Mkt, WHOLE FOODS, HEB, | SEE VIRTUAL TOUR & HBJ tour

SEE MORE

MARKET HIGHLIGHTS

  • 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: Greater Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $99k495k

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

Neighborhood: Greater Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9692561

* 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
Jefferson Elementary School Primary Regular 459 31 6
Hamilton Middle School Middle Magnet 1,248 64 6
Reagan High School High Magnet 2,230 112 4

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 459
  • # of teachers: 31
6
GreatSchools Rating

Hamilton Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 64
6
GreatSchools Rating

Reagan High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 112
4
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,250
Property Tax -$759
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
$60

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.

$359,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,317

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3203$2,3954$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 711-a Link Houston, TX 2
    • 3 beds 4 baths ∙ 1,850 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,850 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.25
    •  
  • 736 Link Road Houston, TX 1
    • 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 2017
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.22
    •  
  • 1813 Napa Creek Lane Houston, TX 3
    • 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2019 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2019
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.21
    •  
  • 726 Link Road Houston, TX 4
    • 3 beds 4 baths ∙ 1,845 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,845 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.30
    •  
  • 718c Link Road Houston, TX 5
    • 3 beds 4 baths ∙ 1,954 Sqft ∙ Built 2021 3 beds 4 baths ∙ 1,954 Sqft ∙ Built 2021
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.28
    •  
PROPERTY LISTING DETAILS
Linda Jamail Marshall
1.713.523.4600
Linda Marshall, Realtors Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 84321564
Last Updated: 02/05/2021
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