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7505 Dyer Street 
Houston, TX
77088
3 Beds 2 Baths 1,175 sqft
Built 2016
INVESTimate
$160,000
List Price
$48,150
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $136.17
- 3 Days on Market
- MLS # : 14801681
- Updated Date : 08/24/2020 at 10:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,175 sqft
- Baths : 2 full
Listing Agent
Loft Realty
Listing Agent's Description
Checkout this beautiful home in a newly built community. Built with gorgeous tile flooring, granite countertops, open concept kitchen, and a cozy living room area. Schedule your showing now, it won't last long in this booming area.
SEE MORE
- 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: Acres Home
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Acres Home
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$590 |
| Property Tax | -$337 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$137
|
||
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.
$160,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 3.71% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$48,150
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $40,000 |
| Loan Amount | $120,000 |
7
YEARS SAVED
$15,503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,102
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
7505 Dyer Street Houston, TX 3
- 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,270
- $1.08
-
7519 Dyer Street Houston, TX 1
- 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2017
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.94
-
3106 Vega Street Houston, TX 2
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1996
LEASED 01/05/20- Rent
- Rent Per SQFT
- $1,250
- $0.91
-
6533 Apollo Street Houston, TX 4
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2008
LEASED 07/15/19- Rent
- Rent Per SQFT
- $1,275
- $0.90
-
6556 W T C Jester Boulevard Houston, TX 5
- 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2004
LEASED 06/20/19- Rent
- Rent Per SQFT
- $1,460
- $1.00
PROPERTY LISTING DETAILS
1.832.279.0626
Loft Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14801681
Last Updated: 08/24/2020
