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8710 Sunrise Canter Tomball, TX 77375

3 Beds 2 Baths 1,434 sqft Built 2010

INVESTimate

$190,000

List Price

$1,520

$1,368 - $1,672

Rent Est.

$202,540  ( +6.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $132.50
  • 2 Days on Market
  • MLS # : 45467071
  • Updated Date : 08/25/2020 at 08:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,434 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great one story home with 3 bedrooms, 2 baths and 2 car garage with opener. Fully fenced in yard with sprinkler system. Comes with refrigerator, microwave, dishwasher and gas cooktop stove. Large master with huge closet. Master bath has dual sinks, garden tub and separate shower. Highly sought after Klein Oaks High School. Two minutes from The Woodlands, tons of new shopping and restaurants. Close to 99 and the ExxonMobil campus. Needs a little TLC but PRICED TO SELL!! New hot water heater recently installed. NEVER FLOODED.

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: Saddlebrook Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Saddlebrook Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10142063

* 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
Metzler Elementary School Primary Regular 873 53 8
Hofius Intermediate Middle Regular NA
Klein Oak High School High Regular 3,883 230 7

Metzler Elementary School

  • Education Level: Primary
  • # of students: 873
  • # of teachers: 53
8
GreatSchools Rating

Hofius Intermediate

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Klein Oak High School

  • Education Level: High
  • # of students: 3,883
  • # of teachers: 230
7
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$701
Property Tax -$483
Property Insurance -$122
HOA -$41
Property Management Fees -$99
CASH FLOW
$75

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.

$190,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.60%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5953$1,6004$1,6005$1,605
$1,605
RENT COMPS ANALYSIS
  • 8710 Sunrise Canter Tomball, TX 1
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.06
    •  
  • 8723 Rollick Drive Tomball, TX 2
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 25306 Saddlebrook Ranch Drive Tomball, TX 3
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2011
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 8643 Sunny Gallop Drive Tomball, TX 4
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2010
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
  • 25547 Dappled Filly Drive Tomball, TX 5
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2012
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,605
    • $1.10
    •  
PROPERTY LISTING DETAILS
Deann Morales
1.281.352.2975
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 45467071
Last Updated: 08/25/2020
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