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

8939 Rollick Drive Tomball, TX 77375

4 Beds 4 Baths 2,614 sqft Built 2009

$264,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $100.99
  • 6 Days on Market
  • MLS # : 24111599
  • Updated Date : 02/06/2021 at 16:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

LENNAR "WILLOW PLAN II" 2 story home in Saddlebrook Village! Perfect location within TOMBALL ISD and close proximity to THE WOODLANDS. Beautifully situated on a CORNER LOT with great curb appeal! PRIDE OF OWNERSHIP SHOWS! This home has 4 bedrooms and 3 full baths & 1/2 bath for guest. Primary bedroom is on the first floor with bath that includes double sinks, JETTED TUB, large closet with built-ins & walk in shower. The kitchen has gas cooking, serving bar, granite counters, and abundance of storage. Open concept living area has fireplace and overlooks POOL SIZE BACKYARD! Upstairs you will find 3 nice size bedrooms, 20x12 game room & two full bathrooms. UPDATES and features include: ROOF 2020, NEW upgraded CARPET 2021, radiant barrier, first floor ALL brick exterior, sprinklers, covered back patio, PEX plumbing, blinds, neutral tile and paint pallet throughout, ZONED A/C.

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10562063

* 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
Tomball Elementary School Primary Regular 741 53 5
Tomball Junior High School Middle Regular 922 56 7
Tomball High School High Regular 1,624 93 8

Tomball Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 53
5
GreatSchools Rating

Tomball Junior High School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 56
7
GreatSchools Rating

Tomball High School

  • Education Level: High
  • # of students: 1,624
  • # of teachers: 93
8
GreatSchools Rating
 

$237,600$290,400$264,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$917
Property Tax -$671
Property Insurance -$199
HOA -$40
Property Management Fees -$99
CASH FLOW
$94

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.

$264,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,710

INVESTMENT

$75,710

Down Payment
$66,000
Rehab Estimate
$5,750
Closing Costs
$3,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$917

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,000
Loan Amount $198,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8504$2,0205$2,150
$2,150
RENT COMPS ANALYSIS
  • 8939 Rollick Drive Tomball, TX 4
    • 4 beds 4 baths ∙ 2,614 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,614 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.77
    •  
  • 8715 Headstall Drive Tomball, TX 1
    • 3 beds 3 baths ∙ 2,729 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,729 Sqft ∙ Built 2007
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 8750 Auburn Mane Drive Tomball, TX 2
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2010
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
  • 25234 Saddlebrook Champion Way Tomball, TX 3
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2012
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 25203 Oak Villa Drive Spring, TX 5
    • 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 2006
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
PROPERTY LISTING DETAILS
Paula Wehring
1.713.594.6944
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 #: 24111599
Last Updated: 02/06/2021
BESbswy