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9022 Serena Lane Humble, TX 77338

4 Beds 3 Baths 2,260 sqft Built 2006

$199,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $88.45
  • 3 Days on Market
  • MLS # : 49349171
  • Updated Date : 03/05/2021 at 15:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jla Realty

Listing Agent's Description

Spacious 4 bedroom, 2.5 baths located in Deerbrook Estates. All bedrooms upstairs. New carpet upstairs in 2019. Tile flooring on first floor. Refrigerator included. Electronic thermostat you can program from your phone even when you are out. Gas range. Huge master bedroom with walk in closet plus another closet and a linen closet. All bedrooms are a good size. Corner lot with large fenced yard. Two car garage with garage door opener. 2018 new roof & A/C condenser. Solar blinds for energy efficiency. Near shopping, restaurants & Deerbrook mall. Close proximity to I-59 and I-45 for commuting to anywhere. Home is not vacant.

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: 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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$694
Property Tax -$501
Property Insurance -$180
HOA -$29
Property Management Fees -$99
CASH FLOW
$87

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.

$199,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.80%

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

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$7,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6503$1,6504$1,6805$1,770
$1,770
RENT COMPS ANALYSIS
  • 9022 Serena Lane Humble, TX 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.70
    •  
  • 9011 Aspen Trace Lane Humble, TX 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 9106 Sweet Blue Jasmine Lane Humble, TX 3
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2014
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 9031 Aspen Trace Lane Humble, TX 4
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2006
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.72
    •  
  • 9007 Sweet Blue Jasmine Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2011
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.75
    •  
PROPERTY LISTING DETAILS
Virginia Calise
1.631.379.8997
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 49349171
Last Updated: 03/05/2021
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