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8403 Emerald Valley Court Houston, TX 77095

3 Beds 3 Baths 1,515 sqft Built 1983

$189,500

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $125.08
  • 2 Days on Market
  • MLS # : 33106085
  • Updated Date : 11/02/2020 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,515 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prada Properties

Listing Agent's Description

INCREDIBLE FIND - A COMPLETELY REMODEL HOUSE in Copperfield! Gorgeous 2 story on huge 10,000+ lot size. Serene Cul-de-sac with Deep Street & Mature shady trees; Solar screens. Entry has large vaulted ceiling family room with majestic gas fireplace; Tiled ISLAND KITCHEN - open to dining area & overlooking Porch & Backyard! Tile in all wet areas and laminate wood flooring on the rest of the house. The master suite boasts executive bath with skylight + plus upgraded double sinks + walk-in closet! Low Taxes 2.3%. Zoned to Highly rated Cy-Fair schools! Minutes to Hwy 6 & 290.

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: Copperfield Northmead Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $98k225k

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

Neighborhood: Copperfield Northmead Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8651677

* 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
Fiest Elementary School Primary Regular 1,130 61 5
Labay Middle School Middle Regular 1,478 90 7
Cypress Falls High School High Regular 3,667 214 NA

Fiest Elementary School

  • Education Level: Primary
  • # of students: 1,130
  • # of teachers: 61
5
GreatSchools Rating

Labay Middle School

  • Education Level: Middle
  • # of students: 1,478
  • # of teachers: 90
7
GreatSchools Rating

Cypress Falls High School

  • Education Level: High
  • # of students: 3,667
  • # of teachers: 214
NA
GreatSchools Rating
 

$170,550$208,450$189,500

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$699
Property Tax -$400
Property Insurance -$130
HOA -$38
Property Management Fees -$99
CASH FLOW
$105

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.

$189,500

PROJECTED PRICE

$1,470

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,968

INVESTMENT

$55,968

Down Payment
$47,375
Rehab Estimate
$5,750
Closing Costs
$2,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$699

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,375
Loan Amount $142,125
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$11,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4493$1,4704$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 8403 Emerald Valley Court Houston, TX 3
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.97
    •  
  • 8314 Greenleaf Lake Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1984
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 8522 Lake Crystal Drive Houston, TX 2
    • 3 beds 3 baths ∙ 1,476 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,476 Sqft ∙ Built 1983
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.98
    •  
  • 8454 Lake Crystal Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1983
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 8446 Lake Crystal Drive Houston, TX 5
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1983
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Rilwan Adesola
1.713.779.2200
Prada Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 33106085
Last Updated: 11/02/2020
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