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9518 Abigail Drive Sugar Land, TX 77498

3 Beds 2 Baths 1,668 sqft Built 2004

$210,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $125.90
  • 7 Days on Market
  • MLS # : 77815159
  • Updated Date : 02/02/2021 at 13:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

Wilson Realty & Inv Grp, Llc

Listing Agent's Description

Beautiful, open floor plan is great for entertaining and features 3 bedrooms, 2 bathrooms, and a kitchen opening up to the living room. Great backyard space fully fenced. Close and convenient to schools, restaurants, groceries stores, and easy access to HWY 6 and Westpark Tollway.

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

Neighborhood: Eaglewood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k352k

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

Neighborhood: Eaglewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292179

* 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
Holley Elementary School Primary Regular 754 52 6
Hodges Bend Middle School Middle Regular 1,169 67 5
Bush High School High Regular 2,192 112 6

Holley Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 52
6
GreatSchools Rating

Hodges Bend Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 67
5
GreatSchools Rating

Bush High School

  • Education Level: High
  • # of students: 2,192
  • # of teachers: 112
6
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$729
Property Tax -$393
Property Insurance -$123
HOA -$33
Property Management Fees -$99
CASH FLOW
$162

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.

$210,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$12k

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$14,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,539

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,5404$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 9518 Abigail Drive Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.92
    •  
  • 9522 Milas Way Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2004
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
  • 16526 Eaglewood Shadows Drive Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
  • 9506 Abigail Drive Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 9503 Milas Way Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2004
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nguyen Wilson
1.571.239.6261
Wilson Realty & Inv Grp, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77815159
Last Updated: 02/02/2021
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