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7423 Pebblemill Lane Houston, TX 77086

4 Beds 2 Baths 1,696 sqft Built 1983

$169,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $100.18
  • 6 Days on Market
  • MLS # : 88653732
  • Updated Date : 01/14/2021 at 10:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,696 sqft
  • Baths : 2 full
Listing Agent

Jane Byrd Properties Intl.

Listing Agent's Description

This lovely home is in a peaceful neighborhood approximately 5 minutes away from the Beltway 8 and HWY 249. It includes 4 bedrooms and 2 baths with high ceilings upon entry. Enjoy the recently updated kitchen featuring new cabinets, recess lighting, beautiful granite counter tops and stainless steel appliances. Open concept layout allows for a more spacious feel and perfect for entertaining. Nice tile flooring giving you a wood plank design that ties in with the gray color scheme including wall/cabinet colors. Restrooms have also been updated with new vanities and granite counter tops. A/C replaced a little over 1 year ago and the entire siding was also completely replaced and painted about 1 year ago. No back door neighbors and good size back yard allow for comfortable gatherings and provide enough space for kids to play around. Don't waste any more time and call to schedule your appointment TODAY! This house won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Northwest Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $67k222k

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

Neighborhood: Northwest Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8241677

* 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
Wilson Intermediate School Primary Magnet 1,044 53 4
Shotwell Middle School Middle Magnet 1,060 73 4
Davis Senior High School High Regular 2,542 149 2

Wilson Intermediate School

  • Education Level: Primary
  • # of students: 1,044
  • # of teachers: 53
4
GreatSchools Rating

Shotwell Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 73
4
GreatSchools Rating

Davis Senior High School

  • Education Level: High
  • # of students: 2,542
  • # of teachers: 149
2
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$590
Property Tax -$397
Property Insurance -$142
HOA -$32
Property Management Fees -$99
CASH FLOW
$160

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.

$169,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 9.5%
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$600k

PROJECTED ANNUAL CASH FLOW

11530$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$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$13,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3253$1,3504$1,4005$1,420
$1,420
RENT COMPS ANALYSIS
  • 7423 Pebblemill Lane Houston, TX 5
    • 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.84
    •  
  • 9523 Sutter Park Lane Houston, TX 1
    • 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1978
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.83
    •  
  • 6902 Feather Creek Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1976
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 10802 Mackenzie Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 7714 Willow Mint Lane Houston, TX 4
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1972
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Marylou Garcia
1.713.446.4266
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 #: 88653732
Last Updated: 01/14/2021
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