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8122 Sanders Glen Lane Humble, TX 77338

4 Beds 3 Baths 1,740 sqft Built 2007

$175,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $100.57
  • 2 Days on Market
  • MLS # : 98654190
  • Updated Date : 01/09/2021 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,740 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tanisha D Royal

Listing Agent's Description

Great opportunity for primary residence or investment. This home features a 2 story with 4 bedrooms and 2.5 baths with an open concept. New owner can add some finishing TLC touches to make it their own. Large fenced yard for entertaining or relaxing. Contact us for a private showing today!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (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
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$608
Property Tax -$438
Property Insurance -$145
HOA -$29
Property Management Fees -$99
CASH FLOW
$121

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.

$175,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.82%

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

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$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$9,977

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4404$1,4455$1,525
$1,525
RENT COMPS ANALYSIS
  • 8122 Sanders Glen Lane Humble, TX 3
    • 4 beds 3 baths ∙ 1,740 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,740 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.83
    •  
  • 8106 Sanders Forest Court Humble, TX 1
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2007
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
  • 21610 Mossey Pines Court Humble, TX 2
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 2006
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 21363 Claretfield Court Humble, TX 4
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2006
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.79
    •  
  • 8023 Sanders Glen Lane Humble, TX 5
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2007
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tanesha Royal
1.504.382.3324
Tanisha D Royal
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 98654190
Last Updated: 01/09/2021
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