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7811 Sawmill Trail Houston, TX 77040

3 Beds 2 Baths 1,494 sqft Built 1994

$187,999

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $125.84
  • 4 Days on Market
  • MLS # : 4510383
  • Updated Date : 02/26/2021 at 16:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Rdp Properties

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: Woodland Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k224k

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

Neighborhood: Woodland Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8471677

* 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
Reed Elementary School Primary Regular 1,106 66 5
Dean Middle School Middle Regular 1,480 99 5
Jersey Village High School High Regular 3,461 204 6

Reed Elementary School

  • Education Level: Primary
  • # of students: 1,106
  • # of teachers: 66
5
GreatSchools Rating

Dean Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 99
5
GreatSchools Rating

Jersey Village High School

  • Education Level: High
  • # of students: 3,461
  • # of teachers: 204
6
GreatSchools Rating
 

$169,199$206,799$187,999

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$653
Property Tax -$396
Property Insurance -$128
HOA -$11
Property Management Fees -$99
CASH FLOW
$102

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.

$187,999

PROJECTED PRICE

$1,390

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 6.5%
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-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,570

INVESTMENT

$55,570

Down Payment
$47,000
Rehab Estimate
$5,750
Closing Costs
$2,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$653

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,000
Loan Amount $140,999
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$10,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3903$1,4504$1,4505$1,595
$1,595
RENT COMPS ANALYSIS
  • 7811 Sawmill Trail Houston, TX 2
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.93
    •  
  • 10226 Hannon Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1976
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 7826 Yellow Pine Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1991
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 7418 Log View Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1977
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 7843 Split Oak Drive Houston, TX 5
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ronald Punneo
1.713.385.5123
Rdp Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 4510383
Last Updated: 02/26/2021
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