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915 Willow Timber Drive 
Houston, TX
77090
4 Beds 3 Baths 2,620 sqft
Built 2020
INVESTimate
$258,990
List Price
$70,632
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $98.85
- 10 Days on Market
- MLS # : 92036800
- Updated Date : 08/25/2020 at 21:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,620 sqft
- Baths : 2 full , 1 half
Listing Agent
Long Lake Ltd
- 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)
- Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Walnut Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walnut Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$741 | |
| Property Insurance | -$204 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$267
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$258,990
PROJECTED PRICE
$2,310
PROJECTED RENT
0.89%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.01% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,632
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,748 |
| Loan Amount | $194,243 |
6.25
YEARS SAVED
$22,561
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,306
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
915 Willow Timber Drive Houston, TX 1
- 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,310
- $0.88
-
11210 Mattina Drive Houston, TX 2
- 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 2013
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,395
- $0.89
-
11129 Olympia Drive Houston, TX 3
- 4 beds 4 baths ∙ 2,904 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,904 Sqft ∙ Built 2015
![property image]()
LEASED 02/27/19- Rent
- Rent Per SQFT
- $2,500
- $0.86
-
11131 Olympia Drive Houston, TX 4
- 3 beds 4 baths ∙ 2,904 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,904 Sqft ∙ Built 2015
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,500
- $0.86
-
11207 Mattina Drive Houston, TX 5
- 4 beds 4 baths ∙ 2,864 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,864 Sqft ∙ Built 2013
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,600
- $0.91
PROPERTY LISTING DETAILS
1.281.861.4624
Long Lake Ltd
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 92036800
Last Updated: 08/25/2020
