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7927 Atwood Hills Lane Humble, TX 77338

4 Beds 2 Baths 2,013 sqft Built 2010

$184,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $91.85
  • 5 Days on Market
  • MLS # : 62548821
  • Updated Date : 03/04/2021 at 18:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,013 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Hou Preferred

Listing Agent's Description

This spacious 4/2 with study and 2 car garage will not last long! Excellent curb appeal welcomes you as you drive up to this home, located in a quiet, friendly neighborhood and zoned to Aldine ISD. Located just minutes from IAH Bush Airport and offering a convenient drive to shopping and dining. Commuters have convenient access to Hwy 59, Beltway 8 and nearby Hwy 99, the Grand Pkwy. The spacious island kitchen with plenty of cabinet space, granite counters and gas cooking is a great space to let the chef in your family come alive. Entertaining won’t be a problem in this very open floorplan, that offers plenty of family room space. The home has a private study at the front of the home, convenient for those looking for space to work from home. The master suite is spacious and the master bath offers a separate shower, large soaking tub and dual sinks with a vanity area. The covered patio area can be the beginning of tons of outdoor fun. Such a great home, the only thing missing is you!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77338

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k255k

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

Zip Code: 77338

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101714

* 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
Jones Elementary School Primary Regular 1,105 60 4
Teague Middle School Middle Regular 896 60 4
Nimitz Ninth Grade School High Regular 692 51 2

Jones Elementary School

  • Education Level: Primary
  • # of students: 1,105
  • # of teachers: 60
4
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 60
4
GreatSchools Rating

Nimitz Ninth Grade School

  • Education Level: High
  • # of students: 692
  • # of teachers: 51
2
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$642
Property Tax -$463
Property Insurance -$163
HOA -$36
Property Management Fees -$99
CASH FLOW
$147

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.

$184,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.9%
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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$642

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$11,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,535

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5004$1,5235$1,550
$1,550
RENT COMPS ANALYSIS
  • 7927 Atwood Hills Lane Humble, TX 5
    • 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 7623 Mustang Corral Drive Humble, TX 1
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2005
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 20910 Neva Court Humble, TX 2
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 2004
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 8131 Chancewood Lane Humble, TX 3
    • 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 8039 Branson Park Lane Humble, TX 4
    • 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2009
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,523
    • $0.78
    •  
PROPERTY LISTING DETAILS
Cassie Evans
1.713.553.0747
Keller Williams Hou Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 62548821
Last Updated: 03/04/2021
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