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9630 W Savile Circle Houston, TX 77065

3 Beds 3 Baths 1,560 sqft Built 1982

$199,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $127.56
  • 4 Days on Market
  • MLS # : 64582707
  • Updated Date : 02/13/2021 at 21:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous two story home in Steeplechase with recent upgraded: NEW ROOF 2020, NEW HVAC 2019, NEW AC Coil, NEW AC drain line, NEW DISPOSAL, NEW Over-the-range microwaves, NEW sliding door to back patio , Updated cabinetry, 8 x 10 shed in the back, solar screen all windows, storm door, Added Attic insulation, NEW mainline plumbing, NEW electrical box, NEW landscaping and sidewalk, New fence gate, Camera system owned can stay with the house. Granite counter tops in the kitchen and bath. Huge private backyard. No flooding per pervious owner. Zoned to highly desired Cy-Fair ISD school district. Great location, just minutes from 290, 1960 & Beltway 8.

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: Steeplechase

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Steeplechase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9261677

* 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
Emmott Elementary School Primary Regular 852 52 5
Campbell Middle School Middle Regular 1,341 84 5
Cypress Ridge High School High Regular 3,030 195 5

Emmott Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 52
5
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,341
  • # of teachers: 84
5
GreatSchools Rating

Cypress Ridge High School

  • Education Level: High
  • # of students: 3,030
  • # of teachers: 195
5
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$691
Property Tax -$454
Property Insurance -$133
HOA -$49
Property Management Fees -$99
CASH FLOW
$95

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.

$199,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.4%
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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$7,899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4493$1,4504$1,5205$1,640
$1,640
RENT COMPS ANALYSIS
  • 9630 W Savile Circle Houston, TX 4
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.97
    •  
  • 9498 Cannock Chase Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1984
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 9518 W Savile Circle Houston, TX 2
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1982
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.93
    •  
  • 9610 Oldenburg Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1984
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 9622 W Savile Circle Houston, TX 5
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1982
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.05
    •  
PROPERTY LISTING DETAILS
Vi Tran
1.832.367.1041
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 64582707
Last Updated: 02/13/2021
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