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7211 Woodland Oak Trail Humble, TX 77346

3 Beds 3 Baths 2,495 sqft Built 2000

$315,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $126.25
  • 2 Days on Market
  • MLS # : 39884919
  • Updated Date : 02/20/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,495 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

A warm and inviting 1 story home featuring 3 BR's, 2-1/2 baths and a pool in the secluded patio home section of Kings River*A great floor plan that is light and bright*Open concept kitchen-breakfast room-family room*Items replaced after Hurricane Harvey: Appliances in the kitchen are Frigidaire, except for Kitchenaid gas cooktop, All Cabinetry, Cali bamboo wood flooring in entry, dining room, family room & halls, Tile in kitchen, breakfast room, bathrooms & laundry room*Study is presently used as a music room*Private primary bedroom w/ updated bathroom *Entire HVAC system replaced except for duct work*Two secondaryl bedrooms *1 year old Roof*Pool 2010, all equipment replaced after Harvey*Home features a three car garage. Part of the third car area (8X10) is used as an extra office for owner,which can be reconverted*It's all been done for you by the homeowners who have lovingly maintained & updated this lovely home*Patio living at its finest in this friendly & peaceful neighborhood*

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: Kings River Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k315k

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

Neighborhood: Kings River Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722081

* 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
Greentree Elementary School Primary Regular 760 44 8
Creekwood Middle School Middle Regular 1,094 62 9
Kingwood High School High Regular 2,610 140 9

Greentree Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 44
8
GreatSchools Rating

Creekwood Middle School

  • Education Level: Middle
  • # of students: 1,094
  • # of teachers: 62
9
GreatSchools Rating

Kingwood High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 140
9
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,094
Property Tax -$710
Property Insurance -$196
HOA -$40
Property Management Fees -$99
CASH FLOW
$32

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.

$315,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9253$1,9754$2,1005$2,170
$2,170
RENT COMPS ANALYSIS
  • 7211 Woodland Oak Trail Humble, TX 5
    • 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.87
    •  
  • 20002 Water Point Trail Humble, TX 1
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1999
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 20602 Carmine Oak Court Humble, TX 2
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2000
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.71
    •  
  • 19603 Water Point Trail Humble, TX 3
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1997
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
  • 19726 Water Point Trail Humble, TX 4
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joan Imperato
1.713.502.1100
Re/max Associates Northeast
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 39884919
Last Updated: 02/20/2021
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