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8914 Stagewood Drive Humble, TX 77338

3 Beds 2 Baths 1,636 sqft Built 2015

$195,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $119.19
  • 2 Days on Market
  • MLS # : 7946776
  • Updated Date : 12/26/2020 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Lovely one story home in Deerbrook Estates. Home features open living spaces, 3 bedrooms, 2 baths, fresh interior paint, upgraded flooring & covered back patio. The kitchen boasts upgraded Samsung oven & microwave, granite countertops & breakfast bar. The kitchen has direct access to the formal dining room - great for entertaining. Vinyl plank flooring in the family room & bedrooms. The owners suite has a soaking tub, separate shower & walk-in closet. Ceiling fans in all rooms. Home is conveniently located just minutes from the elementary & middle schools, 59, shopping & more. Don't miss this one!

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

Zip Code: 77338

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k255k

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

Zip Code: 77338

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101714

* 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
Jones Elementary School Primary Regular 1,105 60 4
Teague Middle School Middle Regular 896 60 4
Nimitz Ninth Grade School High Regular 692 51 2

Jones Elementary School

  • Education Level: Primary
  • # of students: 1,105
  • # of teachers: 60
4
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 60
4
GreatSchools Rating

Nimitz Ninth Grade School

  • Education Level: High
  • # of students: 692
  • # of teachers: 51
2
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$719
Property Tax -$488
Property Insurance -$138
HOA -$29
Property Management Fees -$99
CASH FLOW
$96

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.

$195,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5704$1,5805$1,650
$1,650
RENT COMPS ANALYSIS
  • 8914 Stagewood Drive Humble, TX 3
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.96
    •  
  • 8925 Elm Drake Lane Humble, TX 1
    • 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 8922 Snapping Turtle Drive Humble, TX 2
    • 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 2015
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 9107 Eldorado Glen Drive Humble, TX 4
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2014
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.02
    •  
  • 20506 Humble Brook Drive Humble, TX 5
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2015
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jimmy Franklin
1.281.949.6362
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 7946776
Last Updated: 12/26/2020
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