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8407 Blue Quail Drive Houston, TX 77489

4 Beds 3 Baths 2,296 sqft Built 1980

$218,999

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $95.38
  • 2 Days on Market
  • MLS # : 54389796
  • Updated Date : 02/13/2021 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,296 sqft
  • Baths : 2 full , 1 half
Listing Agent

Apex Brokerage, Llc

Listing Agent's Description

Beautiful curb appeal. Lots of remodel done. This home features 4 Beds, 2.5 Baths, Formal Dining, Living room & Wet Bar. Lots of natural light throughout this home and an open living area with a kitchen that opens up to breakfast room. Family room features a fireplace and a spacious sitting area and wet bar for all your entertaining needs. Leading the stairs up are all the 4 Bedrooms. Oversized Master suite showcases a private bath with a Large sized walk in closet & separate vanity area. Call today for your private showing! This home will not last long.

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: Quail Run

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k274k

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

Neighborhood: Quail Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9021788

* 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
Glover Elementary School Primary Regular 565 40 3
Missouri City Middle School Middle Regular 1,116 79 3
Marshall High School High Regular 1,242 93 2

Glover Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 40
3
GreatSchools Rating

Missouri City Middle School

  • Education Level: Middle
  • # of students: 1,116
  • # of teachers: 79
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 1,242
  • # of teachers: 93
2
GreatSchools Rating
 

$197,099$240,899$218,999

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$761
Property Tax -$433
Property Insurance -$160
HOA -$35
Property Management Fees -$99
CASH FLOW
$112

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.

$218,999

PROJECTED PRICE

$1,600

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.7%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,249
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5754$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 8407 Blue Quail Drive Houston, TX 4
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 16406 Skeet Court Missouri City, TX 1
    • 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 1983
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 8334 Blue Quail Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1980
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
  • 16411 Quail Run Drive Houston, TX 3
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 1980
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.75
    •  
  • 2619 Lazy Spring Court Missouri City, TX 5
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1983
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
PROPERTY LISTING DETAILS
Terin Varghese
1.832.768.8775
Apex Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 54389796
Last Updated: 02/13/2021
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