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8034 Dairy View Lane Houston, TX 77072

3 Beds 3 Baths 1,283 sqft Built 2006

$205,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $159.78
  • 2 Days on Market
  • MLS # : 2070221
  • Updated Date : 07/13/2021 at 11:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,283 sqft
  • Baths : 2 full , 1 half
Listing Agent

Braden Real Estate Group, Llc

Listing Agent's Description

Open House 7/17 7/18 Come Check out this beauty! You will fall in love harmonious community. Custom Finishes: Granite counter tops have been upgraded throughout the kitchen and bathrooms. Engineered hardwood floors were added downstairs. To top it off custom wood blinds were added throughout. Carpet upstairs has been shampooed and cleaned. This 3 bedroom, 2.5 bath, 2-story home is perfect for a first time homeowner and/or family. This can make a great investment property. Location is ideal with shopping, restaurants and easy access to main highways. The backyard offers a great opportunity to get creative or relax out. Nonetheless great place to entertain. This home is ready for it new owners, make your appt today

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ashford Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Ashford Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8581677

* 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
Liestman Elementary School Primary Regular 896 63 3
Killough Middle School Middle Regular 1,034 72 4
Hastings High School High Regular 3,890 260 4

Liestman Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 63
3
GreatSchools Rating

Killough Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 72
4
GreatSchools Rating

Hastings High School

  • Education Level: High
  • # of students: 3,890
  • # of teachers: 260
4
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$712
Property Tax -$432
Property Insurance -$114
HOA -$21
Property Management Fees -$99
CASH FLOW
$42

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.

$205,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 9.3%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$6,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,289

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,4904$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 8034 Dairy View Lane Houston, TX 2
    • 3 beds 3 baths ∙ 1,283 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,283 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.11
    •  
  • 13330 Sanderford Houston, TX 1
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2002
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 12535 Ashford River Houston, TX 3
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2007
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.99
    •  
  • 12523 Prosperity River Court Houston, TX 4
    • 4 beds 3 baths ∙ 1,537 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,537 Sqft ∙ Built 2006
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 7807 Dairy View Lane Houston, TX 5
    • 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2005
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Brionna Pickens
1.832.630.9325
Braden Real Estate Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2070221
Last Updated: 07/13/2021
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