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9774 Arbor Oak Willis, TX 77318

4 Beds 2 Baths 1,512 sqft Built 2000

INVESTimate

$104,500

List Price

$1,310

$1,179 - $1,441

Rent Est.

$33,443

Investment Est.

$107,896 ( +3.25%) 1 YR EST. FORECAST

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1 YEAR
Gross Yield	15.04%
NOI	$8,224

15 YEAR
Yield	19.16%
Appreciation	2.75%
TOTAL RETURN	28.62%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

August 24, 2020 RECENTLY ADDED

FACTS

Built In 2000
Price/Sqft : $69.11
3 Days on Market
MLS # : 18314615
Updated Date : 08/24/2020 at 12:38

CONSTRUCTION

Beds : 4
Floor Size : 1,512 sqft
Baths : 2 full

Listing Agent

Gen Stone Realty

Listing Agent's Description

Super cute, two bedrooms up, two bedrooms down. Downstairs has a large livingroom, dining area, and kitchen. Pretty fenced in yard with a great front porch and a two car detached garage. Call or text for your private showing today!

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Walnut Cove

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

Neighborhood: Walnut Cove

* 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
Parmley Elementary School	Primary	Regular	751	41	4
Lynn Lucas Middle School	Middle	Regular	774	47	3
Willis High School	High	Regular	1,944	117	4

Parmley Elementary School

Education Level: Primary
# of students: 751
# of teachers: 41

GreatSchools Rating

Lynn Lucas Middle School

Education Level: Middle
# of students: 774
# of teachers: 47

GreatSchools Rating

Willis High School

Education Level: High
# of students: 1,944
# of teachers: 117

GreatSchools Rating

FINANCIALS

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$94,050$114,95000$104,500

PURCHASE PRICE

$1,179$1,44100$1,310

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,310
EXPENSES	Loan Payment	-$386
	Property Tax	-$209
	Property Insurance	-$114
	HOA	-$16
	Property Management Fees	-$99



CASH FLOW $486

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.

$104,500

PROJECTED PRICE

$1,310

PROJECTED RENT

1.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.94%
Appreciation Year (1-5)	3.25%
Maintenance Year (1-5)	8.00%
Vacancy	8.80%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$33,443

Down Payment	$26,125
Rehab Estimate	$5,750
Closing Costs	$1,568

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$386

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$26,125
Loan Amount	$78,375

See What Happens When You Reinvest Cash Flow

18.33

YEARS SAVED

$37,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,310
LIST RENT
$0.87
LIST RENT PER SQFT

$1,251
COMP ESTIMATED VALUE
$0.83
COMP AVG. RENT PER SQFT

Comps Range

$900

1$9002$9503$1,2504$1,3105$1,350

$1,350

RENT COMPS ANALYSIS

1,512
PROPERTY SQFT
$0.83
AVG RENT PER SQFT
$1,251
ESTIMATED VALUE
$1,310
LIST RENT

9774 Arbor Oak Willis, TX 3

4 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000
Price

Price Per SQFT

$104,500

$69.11
15179 Paradise Cove Drive Willis, TX 1

3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2004
SOLD 09/23/19
Price

Price Per SQFT

$85,000

$68.99
9592 Darkwood Street Willis, TX 2

3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1997
SOLD 12/27/19
Price

Price Per SQFT

$100,000

$66.14
15020 Conroe Bay Boulevard Willis, TX 4

3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1994
SOLD 09/27/19
Price

Price Per SQFT

$175,000

$96.90
14243 Brushwood Drive Willis, TX 5

3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1999
SOLD 07/13/20
Price

Price Per SQFT

$210,000

$132.16

9774 Arbor Oak Willis, TX 4

4 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000
Rent

Rent Per SQFT

$1,310

$0.87
15185 Ridgepoint Circle Willis, TX 1

3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2002
LEASED 02/23/19
Rent

Rent Per SQFT

$900

$0.74
12619 Lazy Cove Drive Willis, TX 2

3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 2001
LEASED 01/02/20
Rent

Rent Per SQFT

$950

$0.78
11604 Vistawood Street Willis, TX 3

3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2008
LEASED 03/08/20
Rent

Rent Per SQFT

$1,250

$0.93
15197 Ridgepoint Circle Willis, TX 5

3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2000
LEASED 01/06/20
Rent

Rent Per SQFT

$1,350

$0.86

PROPERTY LISTING DETAILS

Deanna Parsons
1.832.444.8219
Gen Stone Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 18314615
Last Updated: 08/24/2020

9774 Arbor Oak Willis, TX 77318

INVESTimate

$104,500

$1,310

$33,443

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Parmley Elementary School

Lynn Lucas Middle School

Willis High School

FINANCIALS

$94,050$114,95000$104,500

$1,179$1,44100$1,310

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$104,500

$1,310

1.25%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$386

18.33

$37,738

$104,500

$69.11

$137,664

$91.05

COMPS RANGE

PRICE COMPS ANALYSIS

$1,310

$0.87

$1,251

$0.83

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS