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7206 Liberty Mesa Lane Houston, TX 77049

3 Beds 3 Baths 2,211 sqft Built 2009

$129,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $58.75
  • 2 Days on Market
  • MLS # : 55667172
  • Updated Date : 12/26/2020 at 22:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,211 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Eastside

Listing Agent's Description

Rare find investment property/can be a beauty of your future home after some TLC. Conveniently located near Beltway 8 and U.S. 90, residents enjoy easy access to the Houston Ship Channel, Deer Park, Downtown Houston, and Humble. Practice your golf swing at River Terrace Golf Course or explore popular shopping, dining, and entertainment at New Forest Crossing Shopping Center, both located within 5 miles. Schools are zoned to Sheldon ISD. All bedrooms are upstairs. The first floor offers a spacious family living room and dining area for all your family gatherings. 2 car garage and en house laundry room. House is at cul-de-sec. House is selling as it is. This house will not last! Call today to book your private showing!

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

Zip Code: 77049

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77049

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621677

* 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
Sheldon Elementary School Primary Regular 719 45 5
Michael R. Middle School Middle Regular 899 55 4
C.e. King High School High Regular 1,907 143 2

Sheldon Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 45
5
GreatSchools Rating

Michael R. Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 55
4
GreatSchools Rating

C.e. King High School

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 143
2
GreatSchools Rating
 

$116,910$142,890$129,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$479
Property Tax -$449
Property Insurance -$177
HOA -$33
Property Management Fees -$99
CASH FLOW
$313

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.

$129,900

PROJECTED PRICE

$1,550

PROJECTED RENT

1.19%

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

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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$479

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$27,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5904$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 7206 Liberty Mesa Lane Houston, TX 2
    • 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
  • 6702 Providence View Lane Houston, TX 1
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2006
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 7331 Liberty Tree Lane Houston, TX 3
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2008
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.78
    •  
  • 7211 Liberty Tree Lane Houston, TX 4
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2009
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 14822 Nickel Plank Road Houston, TX 5
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2016
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Dehong Marchtaler
1.760.265.3572
Re/max Eastside
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 55667172
Last Updated: 12/26/2020
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