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8122 Sports Haven Drive Humble, TX 77346

3 Beds 2 Baths 2,054 sqft Built 2003

$180,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $87.63
  • 5 Days on Market
  • MLS # : 62899238
  • Updated Date : 11/13/2020 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,054 sqft
  • Baths : 2 full
Listing Agent

Heritage Realty

Listing Agent's Description

Golf course (with a double wide gate for cart access directly to path), large closets, huge laundry room, study w/large closet, 4-sides brick, great location!! This house needs updating including flooring, appliances, fixtures, landscaping, etc., and is priced to reflect those needs. It can be a show stopper. Measurements are approximate and should be verified by buyer.

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: Sportsman Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Sportsman Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Maplebrook Elementary School Primary Regular 699 41 6
Atascocita Middle School Middle Regular 1,161 66 6
Atascocita High School High Regular 3,214 182 6

Maplebrook Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 41
6
GreatSchools Rating

Atascocita Middle School

  • Education Level: Middle
  • # of students: 1,161
  • # of teachers: 66
6
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$664
Property Tax -$451
Property Insurance -$166
HOA -$30
Property Management Fees -$99
CASH FLOW
$309

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$180,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.96%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$27,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,655
1$1,6552$1,6953$1,7204$1,7855$1,950
$1,950
RENT COMPS ANALYSIS
  • 8122 Sports Haven Drive Humble, TX 3
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.84
    •  
  • 18722 Walden Glen Circle Humble, TX 1
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $0.81
    •  
  • 18738 Walden Glen Circle Humble, TX 2
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 18746 Walden Glen Circle Humble, TX 4
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2013
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.94
    •  
  • 8326 Hunters Village Drive Humble, TX 5
    • 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1999
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Gaelin Nichols
1.832.723.1339
Heritage Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 62899238
Last Updated: 11/13/2020
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