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9550 Round Up Lane Houston, TX 77064

3 Beds 2 Baths 1,292 sqft Built 1982

$179,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $138.54
  • 5 Days on Market
  • MLS # : 29444145
  • Updated Date : 11/02/2020 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Champions Real Estate Group

Listing Agent's Description

BEAUTIFUL HOME ELEGANTLY UPDATED, new roof, new kitchen and baths, carpet, AC and water heater have been replaced, family room has high ceilings, elegant wood floors and fireplace. Kitchen has granite counter tops, elegant back splash, high end Espresso cabinets and lazy Susan cabinet for more cabinet space. Beautiful new light fixture to give kitchen a modern look and make it light and bright. Spacious master bedroom and huge 2nd bedroom. Custom made bath room vanities. Lush landscaping in front yard and over-sized backyard. Minutes from Beltway 8. Property did not flood.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Winchester Country

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Winchester Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9141677

* 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
Bang Elementary School Primary Regular 959 59 5
Cook Middle School Middle Regular 1,581 93 7
Jersey Village High School High Regular 3,461 204 6

Bang Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 59
5
GreatSchools Rating

Cook Middle School

  • Education Level: Middle
  • # of students: 1,581
  • # of teachers: 93
7
GreatSchools Rating

Jersey Village High School

  • Education Level: High
  • # of students: 3,461
  • # of teachers: 204
6
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$660
Property Tax -$426
Property Insurance -$115
HOA -$29
Property Management Fees -$99
CASH FLOW
$101

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.

$179,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,428

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3953$1,4004$1,4005$1,430
$1,430
RENT COMPS ANALYSIS
  • 9550 Round Up Lane Houston, TX 5
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.11
    •  
  • 10051 Spotted Horse Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1983
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.04
    •  
  • 10039 Ash Fork Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1982
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 10043 Spotted Horse Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1982
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.13
    •  
  • 10071 Ash Fork Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1982
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Yun Zhang
1.832.757.8866
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 29444145
Last Updated: 11/02/2020
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