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

9002 Intervale Street Houston, TX 77075

3 Beds 2 Baths 1,486 sqft Built 2020

$209,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $140.65
  • 6 Days on Market
  • MLS # : 76214440
  • Updated Date : 12/02/2020 at 12:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,486 sqft
  • Baths : 2 full
Listing Agent

Listing Spark

Listing Agent's Description

This completely remodeled construction by Greystone Homes is complete and ready for move-in! Features include beautiful tile work, open floor flan, state of the art kitchen with stainless steel appliances and granite countertops, ceiling fans, large closets, utility room inside the home, attractive primary bedroom, great family room for entertainment. Completely new plumbing, electric, HVAC and roof.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Easthaven

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $66k222k

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

Neighborhood: Easthaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7711677

* 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
Jessup Elementary School Primary Regular 867 54 3
South Houston Intermediate School Middle Regular 855 55 6
South Houston High School High Regular 2,695 157 3

Jessup Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 54
3
GreatSchools Rating

South Houston Intermediate School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 55
6
GreatSchools Rating

South Houston High School

  • Education Level: High
  • # of students: 2,695
  • # of teachers: 157
3
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$771
Property Tax -$459
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$209,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 3.00%
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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,385

INVESTMENT

$57,385

Down Payment
$52,250
Rehab Estimate
$2,000
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,683

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 9002 Intervale Street Houston, TX 4
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 9510 Narnia Springs Court Houston, TX 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 9506 Prairie Dale Court Houston, TX 2
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 8439 Constellation Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 2003
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.16
    •  
  • 9510 Juniper Place Court Houston, TX 5
    • 4 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.16
    •  
PROPERTY LISTING DETAILS
Aaron Jistel
1.512.827.2252
Listing Spark
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 76214440
Last Updated: 12/02/2020
BESbswy