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

8603 Malardcrest Drive Humble, TX 77346

4 Beds 2 Baths 2,058 sqft Built 2004

$214,800

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $104.37
  • 3 Days on Market
  • MLS # : 42116669
  • Updated Date : 03/13/2021 at 08:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,058 sqft
  • Baths : 2 full
Listing Agent

Realm Estate

Listing Agent's Description

Hard-to-find home on the golf course! Available to show starting Tuesday, March 16th. Pictures shown are prior to tenant moving in - some landscaping and minor touch-ups will be needed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sportsman Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Sportsman Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Maplebrook Elementary School Primary Regular 699 41 6
Atascocita Middle School Middle Regular 1,161 66 6
Atascocita High School High Regular 3,214 182 6

Maplebrook Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 41
6
GreatSchools Rating

Atascocita Middle School

  • Education Level: Middle
  • # of students: 1,161
  • # of teachers: 66
6
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$193,320$236,280$214,800

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$746
Property Tax -$504
Property Insurance -$166
HOA -$40
Property Management Fees -$99
CASH FLOW
$235

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.

$214,800

PROJECTED PRICE

$1,790

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$62,672

INVESTMENT

$62,672

Down Payment
$53,700
Rehab Estimate
$5,750
Closing Costs
$3,222

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,700
Loan Amount $161,100
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7753$1,7854$1,7905$1,950
$1,950
RENT COMPS ANALYSIS
  • 8603 Malardcrest Drive Humble, TX 4
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.87
    •  
  • 18738 Walden Glen Circle Humble, TX 1
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 18726 Walden Glen Circle Humble, TX 2
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2013
    property image
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
  • 18746 Walden Glen Circle Humble, TX 3
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2013
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.94
    •  
  • 8326 Hunters Village Drive Humble, TX 5
    • 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1999
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Trisha Lauter
1.832.693.1571
Realm Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 42116669
Last Updated: 03/13/2021
BESbswy