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9027 Ferndale View Drive Houston, TX 77064

4 Beds 3 Baths 2,780 sqft Built 2005

$235,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

$68,025

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.2%
Cash Flow	$912
Value Increase	$14,493

10 YEAR

Cash On Cash	-3.0%
Total Return	10.1%

PROPERTY INFO

FACTS

Single Family
Built In 2005
Price/Sqft : $84.53
26 Days on Market
MLS # : 40988677
Updated Date : 12/17/2020 at 11:34

CONSTRUCTION

Beds : 4
Floor Size : 2,780 sqft
Baths : 2 full , 1 half

Listing Agent

Gulf-tex Management, Inc

Listing Agent's Description

Located in a gated community for your safety - two story home with spacious family room with corner fireplace - kitchen opens to Breakfast area and Den - Formal L/R and D/R - All bedrooms up - Master with garden tub and shower - upstairs gameroom could be a 5th bedroom - Low Tax rate - Currently occupied until 07/31/2021

MARKET HIGHLIGHTS

Houston Market Report

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)
Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

Neighborhood: Ferndale Estates

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

Neighborhood: Ferndale Estates

* 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
Francone Elementary School	Primary	Regular	1,068	62	4
Campbell Middle School	Middle	Regular	1,341	84	5
Cypress Creek High School	High	Regular	3,161	199	7

Francone Elementary School

Education Level: Primary
# of students: 1,068
# of teachers: 62

GreatSchools Rating

Campbell Middle School

Education Level: Middle
# of students: 1,341
# of teachers: 84

GreatSchools Rating

Cypress Creek High School

Education Level: High
# of students: 3,161
# of teachers: 199

GreatSchools Rating

FINANCIALS

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$211,500$258,50000$235,000

PURCHASE PRICE

$1,584$1,93600$1,760

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,760
EXPENSES	Loan Payment	-$816
	Property Tax	-$496
	Property Insurance	-$215
	HOA	-$58
	Property Management Fees	-$99



CASH FLOW $76

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.

$235,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.94%
Appreciation Year (1-5)	6.0%
Maintenance Year (1-5)	8.00%
Vacancy	8.80%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$68,025

Down Payment	$58,750
Rehab Estimate	$5,750
Closing Costs	$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$58,750
Loan Amount	$176,250

See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,760
LIST RENT
$0.63
LIST RENT PER SQFT

$1,828
COMP ESTIMATED VALUE
$0.66
COMP AVG. RENT PER SQFT

Comps Range

$1,650

1$1,6502$1,6953$1,7604$1,7955$1,800

$1,800

RENT COMPS ANALYSIS

2,780
PROPERTY SQFT
$0.66
AVG RENT PER SQFT
$1,828
ESTIMATED VALUE
$1,760
LIST RENT

9027 Ferndale View Drive Houston, TX 3

4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2005
Price

Price Per SQFT

$235,000

$84.53
9119 N Ferndale Place Drive Houston, TX 1

5 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
SOLD 07/31/20
Price

Price Per SQFT

$218,500

$81.59
8923 Cinnamon Fern Street Houston, TX 2

4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2005
SOLD 07/15/20
Price

Price Per SQFT

$230,250

$80.00
9022 S Ferndale Place Drive Houston, TX 4

4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
SOLD 12/01/20
Price

Price Per SQFT

$240,000

$89.62
11155 Dawn Harvest Drive Houston, TX 5

5 beds 4 baths ∙ 2,529 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,529 Sqft ∙ Built 1997
SOLD 06/29/20
Price

Price Per SQFT

$250,000

$98.85

9027 Ferndale View Drive Houston, TX 3

4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2005
Rent

Rent Per SQFT

$1,760

$0.63
9011 Ferndale View Drive Houston, TX 1

4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005
LEASED 07/22/19
Rent

Rent Per SQFT

$1,650

$0.66
9126 S Ferndale Place Drive Houston, TX 2

5 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
LEASED 11/29/20
Rent

Rent Per SQFT

$1,695

$0.63
11010 Heron Nest St Street Houston, TX 4

4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2002
LEASED 08/27/20
Rent

Rent Per SQFT

$1,795

$0.65
11115 Heron Village Drive Houston, TX 5

4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2004
LEASED 06/25/20
Rent

Rent Per SQFT

$1,800

$0.69

PROPERTY LISTING DETAILS

Henri Lenaerts
1.713.553.4292
Gulf-tex Management, Inc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 40988677
Last Updated: 12/17/2020

9027 Ferndale View Drive Houston, TX 77064

$235,000

$1,760

$68,025

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Francone Elementary School

Campbell Middle School

Cypress Creek High School

FINANCIALS

$211,500$258,50000$235,000

$1,584$1,93600$1,760

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$235,000

$1,760

0.75%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$816

3.42

$6,829

$235,000

$84.53

$243,292

$87.52

COMPS RANGE

PRICE COMPS ANALYSIS

$1,760

$0.63

$1,828

$0.66

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS