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7419 Blanco Pines Drive Humble, TX 77346

3 Beds 2 Baths 1,692 sqft Built 1984

$176,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $104.02
  • 2 Days on Market
  • MLS # : 50294683
  • Updated Date : 11/14/2020 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,692 sqft
  • Baths : 2 full
Listing Agent

Jane Byrd Properties Intl.

Listing Agent's Description

Wonderful home well located in one of Atascocita's charming neighborhoods. Large kitchen opens into spacious family room with fireplace. Second living with glass french doors can be used as formal living, office, game room. Spacious primary bedroom and bath. Large fenced backyard. Updated paint and trim throughout. This is an absolutely lovely home in acclaimed Humble ISD close to all of the amenities of the Humble/Atascocita/Kingwood area.

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
 

$158,400$193,600$176,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$649
Property Tax -$388
Property Insurance -$142
HOA -$30
Property Management Fees -$99
CASH FLOW
$192

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.

$176,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.85%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,390

INVESTMENT

$52,390

Down Payment
$44,000
Rehab Estimate
$5,750
Closing Costs
$2,640

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,000
Loan Amount $132,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$18,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,510

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5244$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 7419 Blanco Pines Drive Humble, TX 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 7431 Logging Trail Drive Humble, TX 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1991
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 18927 Jodywood Drive Humble, TX 3
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1979
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,524
    • $0.86
    •  
  • 18831 Yaupon Trail Humble, TX 4
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 7506 Blanco Pines Drive Humble, TX 5
    • 4 beds 2 baths ∙ 1,689 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,689 Sqft ∙ Built 1981
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jenny Viney
1.719.201.0686
Jane Byrd Properties Intl.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 50294683
Last Updated: 11/14/2020
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