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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77338
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
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
-
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
1.281.949.6362
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7946776
Last Updated: 12/26/2020
