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

9822 Clanton Pines Drive Humble, TX 77396

4 Beds 3 Baths 2,789 sqft Built 2014

$259,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $93.19
  • 2 Days on Market
  • MLS # : 47347612
  • Updated Date : 01/16/2021 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,789 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max The Woodlands & Spring

Listing Agent's Description

Check out this beautiful home located in Canyon Gate at Park Lakes in Humble TX! This 2 story home has 4 bedrooms 2.5 baths has an open concept floor plan with laminate wood flooring. The kitchen is fit for a chef, it features a large island, lots of cabinet space, a pantry, a gas range stove + granite countertops! The massive primary bedroom is located on the first floor and has an ensuite bathroom with a separate shower and bath, a double sink vanity + 2 Walk-in closets! Upstairs are 3 other bedrooms + a den perfect for game nights! The spacious backyard is great for BBQs and a perfect size to build a pool! This home has state of the art community amenities such as a recreational swimming pool, parks, splash pad, and even a basketball court! Home is located only minutes away from IAH with easy access to beltway 8 and US 59!

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: Canyon Gate at Park Lakes

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k255k

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

Neighborhood: Canyon Gate at Park Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10422771

* 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
Park Lakes Elementary School Primary Regular 716 49 5
Humble Middle School Middle Regular 1,113 75 4
Humble High School High Regular 1,615 112 3

Park Lakes Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 49
5
GreatSchools Rating

Humble Middle School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 75
4
GreatSchools Rating

Humble High School

  • Education Level: High
  • # of students: 1,615
  • # of teachers: 112
3
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$903
Property Tax -$735
Property Insurance -$216
HOA -$88
Property Management Fees -$99
CASH FLOW
$170

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.

$259,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 5.6%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$10,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,287

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2104$2,2505$2,325
$2,325
RENT COMPS ANALYSIS
  • 9822 Clanton Pines Drive Humble, TX 3
    • 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.79
    •  
  • 15014 Roche Rock Drive Humble, TX 1
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2006
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 14914 Fall Creek Preserve Drive Humble, TX 2
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2012
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 9219 Lakeway View Lane Humble, TX 4
    • 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 2005
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 9503 Fossil Canyon Drive Humble, TX 5
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.84
    •  
PROPERTY LISTING DETAILS
Ricardo Gonzalez
1.281.974.0479
Re/max The Woodlands & Spring
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 47347612
Last Updated: 01/16/2021
BESbswy