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

8927 Lawncliff Lane Houston, TX 77040

3 Beds 3 Baths 1,644 sqft Built 1983

$205,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $124.70
  • 3 Days on Market
  • MLS # : 84640963
  • Updated Date : 01/22/2021 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sierra Vista Realty Llc

Listing Agent's Description

This home is in great physical condition with beautiful oversized bay windows in the front that immediately captures your eye. Your new home also comes with brand new stylish white shaker cabinets in the kitchen, energy efficient stainless steel appliances, and beautiful marble countertops with a bar extension perfect for hosting company. The Primary Bedroom comes equipped with brand new flooring and large windows that allows natural light to flow throughout the room. The Primary also boasts a spacious bathroom with dazzling white tile floors with an extremely beautiful marble, walk-in shower with a separate tub perfectly placed in front of a gigantic and peaceful scenic window. The first floor, stairs, and 2nd floor common area have all been replaced with brand new waterproof flooring while the bedrooms have brand new carpet as well as new LED lighting and ceiling fans.

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: Rolling Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k248k

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

Neighborhood: Rolling Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691721

* 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
Reed Elementary School Primary Regular 1,106 66 5
Dean Middle School Middle Regular 1,480 99 5
Jersey Village High School High Regular 3,461 204 6

Reed Elementary School

  • Education Level: Primary
  • # of students: 1,106
  • # of teachers: 66
5
GreatSchools Rating

Dean Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 99
5
GreatSchools Rating

Jersey Village High School

  • Education Level: High
  • # of students: 3,461
  • # of teachers: 204
6
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$712
Property Tax -$448
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
$53

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.

$205,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 8927 Lawncliff Lane Houston, TX 2
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 9002 Donys Drive Houston, TX 1
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1977
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 8715 Lawncliff Lane Houston, TX 3
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1983
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 9007 Lawncliff Lane Houston, TX 4
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1983
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 8402 Lylewood Court Houston, TX 5
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Austin Gilliam
1.832.785.7337
Sierra Vista Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 84640963
Last Updated: 01/22/2021
BESbswy