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7515 Fuchsia Humble, TX 77346

4 Beds 2 Baths 1,728 sqft Built 1980

$195,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $112.85
  • 2 Days on Market
  • MLS # : 50912132
  • Updated Date : 11/07/2020 at 08:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Texas Ethics Realty, Llc

Listing Agent's Description

NO FLOODING EVER - BRAND NEW ROOF $$$ NEW GARAGE DOORS, TOTAL REMODEL - 4-2-2 THIS IS A REALLY CUTE OPEN CONCEPT HOME GREAT FOR A PARTY ON THE PATIO - NEW MICROWAVE, NEW DISHWASHER, AND NEWER RANGE, ALL NEW CERAMIC WOOD FLOORING - NEW CARPET ONLY IN THE BEDROOMS, NEW GRANITE COUNTER TOPS IN THE KITCHEN, AND BATHROOMS, NEW PAINT TOP TO BOTTON INSIDE AND OUT, NEW TRIMMED MIRRORS IN BATHROOMS, SOME NEW CEILING FANS. NEW STONE ON THE FIREPLACE, DEN AND FORMAL DINING COMBO, BREAKFAST ROOM, NEW LIGHT FIXTURES, 2" BLINDS, GREAT PATIO SPACE. NICE SIZE BACK YARD, HOME IS IN A CUL-DE-SAC STREET, GREAT LOCATION. AGENTS PLEASE READ "AGENT REMARKS" BEFORE SETTING UP YOUR SHOWINGS. Please note will be getting final cleaning this weekend and front and side porch light will be replaced and finishing touches will be done on Monday. Some blinds being changed out.

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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$719
Property Tax -$429
Property Insurance -$144
HOA -$36
Property Management Fees -$99
CASH FLOW
$172

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.

$195,000

PROJECTED PRICE

$1,600

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$16,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,6004$1,6505$1,680
$1,680
RENT COMPS ANALYSIS
  • 7515 Fuchsia Humble, TX 3
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 7506 Blanco Pines Drive Humble, TX 1
    • 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
    •  
  • 7526 Fuchsia Lane Humble, TX 2
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1980
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.91
    •  
  • 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
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 18731 Yaupon Trail Humble, TX 5
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1993
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.93
    •  
PROPERTY LISTING DETAILS
Pamela Ledet
1.713.504.2743
Texas Ethics Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 50912132
Last Updated: 11/07/2020
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