Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7615 Goudin Drive Houston, TX 77489

4 Beds 2 Baths 1,308 sqft Built 1995

$148,900

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $113.84
  • 3 Days on Market
  • MLS # : 85464199
  • Updated Date : 01/02/2021 at 16:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,308 sqft
  • Baths : 2 full
Listing Agent

Nb Elite Realty

Listing Agent's Description

Updated 4 bedroom 2 bath home. Stone's throw away from Fort Bend Tollway and 5 minutes from Beltway 8. Some new appliances and new flooring as well. Great access to shopping and restaurants.

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: Westbury Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $54k274k

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

Neighborhood: Westbury Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8041788

* 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
E A. Jones Elementary School Primary Regular 616 48 3
Missouri City Middle School Middle Regular 1,116 79 3
Marshall High School High Regular 1,242 93 2

E A. Jones Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 48
3
GreatSchools Rating

Missouri City Middle School

  • Education Level: Middle
  • # of students: 1,116
  • # of teachers: 79
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 1,242
  • # of teachers: 93
2
GreatSchools Rating
 

$134,010$163,790$148,900

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$549
Property Tax -$294
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
$215

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.

$148,900

PROJECTED PRICE

$1,260

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.7%
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$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$45,209

INVESTMENT

$45,209

Down Payment
$37,225
Rehab Estimate
$5,750
Closing Costs
$2,234

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,225
Loan Amount $111,675
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$24,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,230

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,2503$1,2604$1,2955$1,375
$1,375
RENT COMPS ANALYSIS
  • 7615 Goudin Drive Houston, TX 3
    • 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.96
    •  
  • 7735 Ellis Drive Houston, TX 1
    • 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,343 Sqft ∙ Built 1994
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.93
    •  
  • 7706 Sign Missouri City, TX 2
    • 4 beds 2 baths ∙ 1,312 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,312 Sqft ∙ Built 1995
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 2510 Edgedale Drive Missouri City, TX 4
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1983
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 706 Dalewood Drive Missouri City, TX 5
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1977
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.94
    •  
PROPERTY LISTING DETAILS
Christopher Lively
1.281.701.9557
Nb Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 85464199
Last Updated: 01/02/2021
BESbswy