Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9614 Brandon Rock Lane Houston, TX 77044

4 Beds 2 Baths 1,500 sqft Built 2011

$168,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $112.00
  • 4 Days on Market
  • MLS # : 52470243
  • Updated Date : 11/14/2020 at 08:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Houstoncentral

Listing Agent's Description

Home for the holidays!!! Gorgeous one story home featuring 4 bedrooms, 2 bathrooms, 2 Car Garage. With NO back neighbors, It is perfectly located off of Beltway 8!! As well as being minutes from US-90 ALT & 610, perfect for highway access! She won’t last long!! Join us at our OPEN HOUSE THIS SATURDAY FROM 11am-2pm!!

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: Sunrise Pines

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Sunrise Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8821677

* 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
Carroll Elementary School Primary Regular 768 49 4
Michael R. Middle School Middle Regular 899 55 4
C.e. King High School High Regular 1,907 143 2

Carroll Elementary School

  • Education Level: Primary
  • # of students: 768
  • # of teachers: 49
4
GreatSchools Rating

Michael R. Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 55
4
GreatSchools Rating

C.e. King High School

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 143
2
GreatSchools Rating
 

$151,200$184,800$168,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$620
Property Tax -$433
Property Insurance -$129
HOA -$30
Property Management Fees -$99
CASH FLOW
$149

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.

$168,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 3.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,270

INVESTMENT

$50,270

Down Payment
$42,000
Rehab Estimate
$5,750
Closing Costs
$2,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,000
Loan Amount $126,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$14,437

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,444

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4504$1,4605$1,550
$1,550
RENT COMPS ANALYSIS
  • 9614 Brandon Rock Lane Houston, TX 4
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.97
    •  
  • 9511 Almond Glen Court Houston, TX 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2005
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 12819 Gable Wind Mill Lane Houston, TX 2
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2006
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 9502 Fillmont Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 9510 Garrett Pine Lane Houston, TX 5
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
PROPERTY LISTING DETAILS
Eliodoro Alanis Bautista
1.832.616.0888
Keller Williams Houstoncentral
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52470243
Last Updated: 11/14/2020
BESbswy