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7326 Fuchsia Lane Humble, TX 77346

4 Beds 2 Baths 1,858 sqft Built 1983

$205,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $110.33
  • 12 Days on Market
  • MLS # : 67031032
  • Updated Date : 12/16/2020 at 10:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Sought after single story home w/4B and 2B featuring an open floor plan, living room with vaulted ceilings, gas fireplace and large windows that allow lots of natural light. Modern finishes throughout. Updated kitchen w/soft close cabinets, ss appliances, under-mount lighting, slate backsplash, large pantry & breakfast bar. The secondary bath has double sink vanity, beautiful tile floors, and tub surround. Master bath has double vanity with dual vessel sink vanity, tile floors, and garden tub/shower combo. Master has a large walk-in closet. No lack of storage or closet space in any of the rooms. The fence was replaced in 2019, home completely painted interior in 2019. Home is fresh and ready for move-in!

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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$756
Property Tax -$452
Property Insurance -$153
HOA -$35
Property Management Fees -$99
CASH FLOW
$125

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.

$205,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.79%

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$700k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$12,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,677

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,6204$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 7326 Fuchsia Lane Humble, TX 3
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.87
    •  
  • 7223 Fuchsia Lane Humble, TX 1
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1982
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.83
    •  
  • 7506 Blanco Pines Drive Humble, TX 2
    • 4 beds 2 baths ∙ 1,689 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,689 Sqft ∙ Built 1981
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 7507 Echo Pines Drive Humble, TX 4
    • 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 18910 Yaupon Trail Humble, TX 5
    • 4 beds 3 baths ∙ 1,855 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,855 Sqft ∙ Built 1983
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sheila Craniotis
1.832.541.0234
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 67031032
Last Updated: 12/16/2020
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