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8527 Fawn Terrace Drive Houston, TX 77071

3 Beds 2 Baths 1,839 sqft Built 1983

$165,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

$49,475

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+9.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.4%
Cash Flow	$2,736
Value Increase	$15,948

10 YEAR

Cash On Cash	1.1%
Total Return	15.0%

PROPERTY INFO

December 19, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1983
Price/Sqft : $89.72
2 Days on Market
MLS # : 9486884
Updated Date : 12/19/2020 at 11:24

CONSTRUCTION

Beds : 3
Floor Size : 1,839 sqft
Baths : 2 full

Listing Agent

The Real Estate People, Llc

Listing Agent's Description

Great starter home. This is a great opportunity for a 1st time home buyer or an investor ready to put in their own finishing touches. Home is a 3 bedroom 2 bath with great patio space. Double sink vanity in the primary bathrooms. 2 car garage with remotes. Huge laundry room inside the home.

8527 Fawn Terrace Dr

Houston, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Greater Fondren Southwest

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

Neighborhood: Greater Fondren Southwest

* 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
Jenard Gross Elementary School	Primary	Regular	728	39	4
Welch Middle School	Middle	Magnet	884	53	2
Westbury High School	High	Magnet	2,180	116	3

Jenard Gross Elementary School

Education Level: Primary
# of students: 728
# of teachers: 39

GreatSchools Rating

Welch Middle School

Education Level: Middle
# of students: 884
# of teachers: 53

GreatSchools Rating

Westbury High School

Education Level: High
# of students: 2,180
# of teachers: 116

GreatSchools Rating

FINANCIALS

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$148,500$181,50000$165,000

PURCHASE PRICE

$1,314$1,60600$1,460

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,460
EXPENSES	Loan Payment	-$609
	Property Tax	-$348
	Property Insurance	-$152
	HOA	-$25
	Property Management Fees	-$99



CASH FLOW $228

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.

$165,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.99%
Appreciation Year (1-5)	9.3%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$49,475

Down Payment	$41,250
Rehab Estimate	$5,750
Closing Costs	$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$41,250
Loan Amount	$123,750

See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$23,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,460
LIST RENT
$0.79
LIST RENT PER SQFT

$1,467
COMP ESTIMATED VALUE
$0.8
COMP AVG. RENT PER SQFT

Comps Range

$1,300

1$1,3002$1,4253$1,4604$1,5005$1,500

$1,500

RENT COMPS ANALYSIS

1,839
PROPERTY SQFT
$0.8
AVG RENT PER SQFT
$1,467
ESTIMATED VALUE
$1,460
LIST RENT

8527 Fawn Terrace Drive Houston, TX 3

3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1983
Price

Price Per SQFT

$165,000

$89.72
12155 Poulson Drive Houston, TX 1

3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978
SOLD 08/21/20
Price

Price Per SQFT

$150,000

$88.65
12110 Villa Lea Lane Houston, TX 2

3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1977
SOLD 08/04/20
Price

Price Per SQFT

$165,000

$93.27
15402 Poolview Street Houston, TX 4

3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1968
SOLD 12/14/20
Price

Price Per SQFT

$176,000

$96.39
8118 Misty Ridge Lane Houston, TX 5

3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1980
SOLD 08/07/20
Price

Price Per SQFT

$195,000

$104.39

8527 Fawn Terrace Drive Houston, TX 3

3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$1,460

$0.79
12118 Merewood Lane Houston, TX 1

3 beds 3 baths ∙ 1,794 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 1981
LEASED 03/28/20
Rent

Rent Per SQFT

$1,300

$0.72
8122 Sandy Glen Lane Houston, TX 2

3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1983
LEASED 01/13/20
Rent

Rent Per SQFT

$1,425

$0.80
12127 Meadow Place Drive Houston, TX 4

3 beds 3 baths ∙ 1,805 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 1992
LEASED 07/25/20
Rent

Rent Per SQFT

$1,500

$0.83
8827 Deer Meadow Drive Houston, TX 5

3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1993
LEASED 05/01/20
Rent

Rent Per SQFT

$1,500

$0.84

PROPERTY LISTING DETAILS

Delfina Delariva
1.713.530.5740
The Real Estate People, Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 9486884
Last Updated: 12/19/2020

8527 Fawn Terrace Drive Houston, TX 77071

$165,000

$1,460

$49,475

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Jenard Gross Elementary School

Welch Middle School

Westbury High School

FINANCIALS

$148,500$181,50000$165,000

$1,314$1,60600$1,460

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$165,000

$1,460

0.88%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$609

9.08

$23,708

$165,000

$89.72

$175,946

$95.68

COMPS RANGE

PRICE COMPS ANALYSIS

$1,460

$0.79

$1,467

$0.8

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS