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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $81.96
- 4 Days on Market
- MLS # : 92255511
- Updated Date : 02/06/2021 at 17:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,317 sqft
- Baths : 2 full , 1 half
Listing Agent
Nexthome Realty Center
Listing Agent's Description
Rare find, over 1/3 acre homesite situated along a beautiful cul-de-sac street. These homes all have nice oversized lots and plenty of big trees. This great two story 4/2.5/2 home offers oversized bedrooms, walk in closets, a huge family room, primary bedroom downstairs and large upstairs game room along with three additional nice sized bedrooms. Several built-ins thru-out and crown molding downstairs. Beautiful brick fireplace with gas connection. The versatile study can be used as dining room, play room, or office. Upstairs AC unit has been replaced recently. This Texas Sized yard offers plenty of shade and space for entertaining or adding a pool. Personalize this home to make it your very own. No flooding here per seller!
SEE MORE
- 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
Neighborhood: Schroeder Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Schroeder Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$445 | |
| Property Insurance | -$184 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$280
|
||
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.
$189,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.88%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
9.33
YEARS SAVED
$24,583
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,819
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
8026 Durklyn Lane Houston, TX 2
- 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,680
- $0.73
-
8015 Durklyn Lane Houston, TX 1
- 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,625
- $0.74
-
13923 Hillingdale Lane Houston, TX 3
- 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2001
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,690
- $0.75
-
7603 Bideford Lane Houston, TX 4
- 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1977
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,950
- $0.83
-
8102 Wycomb Drive Houston, TX 5
- 4 beds 4 baths ∙ 2,455 Sqft ∙ Built 1975 4 beds 4 baths ∙ 2,455 Sqft ∙ Built 1975
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,011
- $0.82
PROPERTY LISTING DETAILS
1.713.876.0460
Nexthome Realty Center
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 92255511
Last Updated: 02/06/2021
