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8134 Sanders Glen Lane Humble, TX 77338

4 Beds 2 Baths 1,585 sqft Built 2006

$160,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $100.95
  • 3 Days on Market
  • MLS # : 93646972
  • Updated Date : 01/01/2021 at 19:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,585 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

This one story brick home offers the new owner the opportunity to build equity in a great neighborhood. Four bedrooms & open concept kitchen/family room has lots of potential. Investors welcome. CASH or Conventional sale.

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
 

$144,000$176,000$160,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$590
Property Tax -$401
Property Insurance -$134
HOA -$20
Property Management Fees -$99
CASH FLOW
$116

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.

$160,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.85%

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

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$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$11,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4003$1,4604$1,5005$1,529
$1,529
RENT COMPS ANALYSIS
  • 8134 Sanders Glen Lane Humble, TX 1
    • 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.86
    •  
  • 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
    •  
  • 8031 Sanders Glen Lane Humble, TX 3
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2007
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.97
    •  
  • 21370 Claretfield Court Humble, TX 4
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2007
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 20826 Bonham Park Lane Humble, TX 5
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2006
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,529
    • $0.93
    •  
PROPERTY LISTING DETAILS
Greg Fazzino
1.713.259.6940
Re/max Associates Northeast
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 93646972
Last Updated: 01/01/2021
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