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8211 Cliffshire Court Houston, TX 77083

4 Beds 3 Baths 2,439 sqft Built 1998

$239,990

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $98.40
  • 3 Days on Market
  • MLS # : 94359270
  • Updated Date : 01/16/2021 at 10:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,439 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lone Star Realty

Listing Agent's Description

Meticulously cared for home by original owners features 4 beds, 2.5 baths, high ceilings in formal living and dining room, spacious family room and recently updated chef’s dream kitchen with stainless appliances. All bedrooms up featuring large secondary bedrooms with 2in wood blinds, plush carpets and ceiling fans. The primary owner’s retreat is oversized and features large windows and sitting area. Master bath has a large tub, granite double vanities with new hardware, new frameless shower door and a large walk in closet. Per Seller the home features new faucets & fixtures throughout all bathrooms, This home has been well maintained and shows with pride!

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: Mission Glen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Mission Glen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9691677

* 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
Mission Glen Elementary School Primary Regular 493 39 4
Hodges Bend Middle School Middle Regular 1,169 67 5
Bush High School High Regular 2,192 112 6

Mission Glen Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 39
4
GreatSchools Rating

Hodges Bend Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 67
5
GreatSchools Rating

Bush High School

  • Education Level: High
  • # of students: 2,192
  • # of teachers: 112
6
GreatSchools Rating
 

$215,991$263,989$239,990

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$834
Property Tax -$495
Property Insurance -$168
HOA -$33
Property Management Fees -$99
CASH FLOW
$51

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.

$239,990

PROJECTED PRICE

$1,680

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,347

INVESTMENT

$69,347

Down Payment
$59,998
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,998
Loan Amount $179,993
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7503$1,7504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 8211 Cliffshire Court Houston, TX 1
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.69
    •  
  • 8154 Brentford Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1990
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 8410 Tamayo Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1996
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 16258 Mission Glen Drive Houston, TX 4
    • 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 1995
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 15930 Highland Brooks Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1998
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
PROPERTY LISTING DETAILS
Stayce Nguyen
1.832.741.0985
Lone Star Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94359270
Last Updated: 01/16/2021
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