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7310 Dogwood Trail Drive Humble, TX 77346

3 Beds 2 Baths 1,752 sqft Built 1984

$179,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $102.17
  • 7 Days on Market
  • MLS # : 10236264
  • Updated Date : 12/23/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

WONDERFUL THREE BEDROOM TWO BATH HOME LOCATED IN DESIRABLE ATASCOCITA SOUTH.NEW HVAC SYSTEM, LARGE BACKYARD,COVERED PATIO,NEWER APPLIANCES,WOOD LAMINATE FLOORING,DINING ROOM,KITCHEN OPEN TO LIVING AREA,TWO FULL BATHS,CLOSE TO SHOPPING AND SCHOOLS. GREAT FLOOR PLAN...HOME VERY WELL MAINTAINED AND DID I SAY NEW HVAC.PLEASE MAKE AN APPOINTMENT TODAY....YOU WILL NOT BE DISAPPOINTED.

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: Atascocita South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k269k

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

Neighborhood: Atascocita South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10421714

* 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
Timbers Elementary School Primary Regular 741 43 7
Atascocita Middle School Middle Regular 1,161 66 6
Atascocita High School High Regular 3,214 182 6

Timbers Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 43
7
GreatSchools Rating

Atascocita Middle School

  • Education Level: Middle
  • # of students: 1,161
  • # of teachers: 66
6
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$660
Property Tax -$394
Property Insurance -$146
HOA -$36
Property Management Fees -$99
CASH FLOW
$135

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.

$179,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$12,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,498

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4703$1,5704$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 7310 Dogwood Trail Drive Humble, TX 2
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.84
    •  
  • 7223 Blanco Pines Drive Humble, TX 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1982
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 7227 Dogwood Trail Drive Humble, TX 3
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1982
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.86
    •  
  • 7215 Dogwood Trail Drive Humble, TX 4
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1982
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 18830 Pine Trace Court Humble, TX 5
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1983
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
John Stanley
1.281.361.2276
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 #: 10236264
Last Updated: 12/23/2020
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