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

8110 Hall View Drive Houston, TX 77075

3 Beds 2 Baths 1,601 sqft Built 2014

$205,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $128.04
  • 4 Days on Market
  • MLS # : 77155565
  • Updated Date : 11/13/2020 at 11:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,601 sqft
  • Baths : 2 full
Listing Agent

Realty Executives Advantage

Listing Agent's Description

Impeccably maintained brick home in the wonderful Hall Park Place Subdivision. Lots of space. Separate formal dining room and spacious entryway. Open concept kitchen/living room. The updated kitchen includes granite countertops and bar with lots of counter space for those who love to cook. The large living room has space for all your needs and opens with french doors to the fenced backyard space for privacy. The primary bedroom has a walk-in closet, garden tub, and separate walk-in shower. The double car garage has room for your toys The home has been loved and very well taken care of, now it's your turn to enjoy it. It's a must-see. Great location close to Hobby Airport and Beltway 8. Bring your pickiest buyers!

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: Greater Hobby Area

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Greater Hobby Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Jc Mitchell Elementary School Primary Regular 605 29 5
Thomas Middle School Middle Regular 476 32 3
Sterling High School High Magnet 1,060 60 2

Jc Mitchell Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 29
5
GreatSchools Rating

Thomas Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 32
3
GreatSchools Rating

Sterling High School

  • Education Level: High
  • # of students: 1,060
  • # of teachers: 60
2
GreatSchools Rating
 

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

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$756
Property Tax -$432
Property Insurance -$135
HOA -$26
Property Management Fees -$99
CASH FLOW
$141

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

$1,590

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.4%
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$10k$12k

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$16,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5904$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 8110 Hall View Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.99
    •  
  • 8622 Sablecliff Lane Houston, TX 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2005
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 8010 Arrowhead Lane Houston, TX 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 11223 Hall Greens Court Houston, TX 4
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2014
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 3421 Glastonbury Drive Pearland, TX 5
    • 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1997
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
PROPERTY LISTING DETAILS
Cynthia Corder
1.469.834.9740
Realty Executives Advantage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77155565
Last Updated: 11/13/2020
BESbswy