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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $83.71
- 3 Days on Market
- MLS # : 79083865
- Updated Date : 01/02/2021 at 17:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,210 sqft
- Baths : 2 full , 1 half
Listing Agent
Ameri Choice Realty, Llc
Listing Agent's Description
Easy access to Beltway 8, Hyw 90 and Hwy 59. This house is for the buyers who do not want to drive a long distance from Downtown, Galleria Area, or Medical Center. House features 3 bedrooms, 2.5 baths, 2 car garage, dining, living room and game room.
SEE MORE
- 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
Neighborhood: Fondren Green Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fondren Green Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$390 | |
| Property Insurance | -$177 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$172
|
||
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.
$185,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.82%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
7.08
YEARS SAVED
$18,332
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,519
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
8206 Sandy Glen Lane Houston, TX 2
- 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $0.69
-
11956 Braes Park Drive Houston, TX 1
- 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1997
![property image]()
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.67
-
12022 Merewood Lane Houston, TX 3
- 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1980
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.72
-
12223 Villa Lea Lane Houston, TX 4
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1977
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,590
- $0.67
-
12102 Pecan Meadow Drive Houston, TX 5
- 5 beds 3 baths ∙ 2,304 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,304 Sqft ∙ Built 1980
![property image]()
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,600
- $0.69
PROPERTY LISTING DETAILS
1.832.683.9377
Ameri Choice Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 79083865
Last Updated: 01/02/2021
