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9826 Jacy Creek Drive Tomball, TX 77375

4 Beds 2 Baths 2,113 sqft Built 2017

$249,500

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $118.08
  • 4 Days on Market
  • MLS # : 54124518
  • Updated Date : 01/23/2021 at 16:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,113 sqft
  • Baths : 2 full
Listing Agent

Re/max Vintage

Listing Agent's Description

Beautiful home has so much to offer - the floor plan is perfect! You'll fall in love the moment you enter this home! The large family room with laminate floors and custom shiplap custom wall can be viewed from the gorgeous kitchen offering wonderful space for family gatherings. The chef's kitchen has granite countertops, an abundance of cabinets w/new hardware, and a custom backsplash. You will enjoy the inviting primary suite with a barn door entrance into the master bathroom. This home has 2 bedrooms in the front of the home and a 4th bedroom/office that has new flooring, built-in desks, and glass french doors. The backyard has a 20x20 concrete patio and wooden pergola, a new sprinkler system, and no back neighbors. This quiet neighborhood is zoned to the Klein ISD and close to restaurants and shopping. This one will go fasts, call to schedule a showing today!

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10562063

* 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
Mahaffey Elementary Primary Regular NA
Hofius Intermediate Middle Regular NA
Klein Oak High School High Regular 3,883 230 7

Mahaffey Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hofius Intermediate

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Klein Oak High School

  • Education Level: High
  • # of students: 3,883
  • # of teachers: 230
7
GreatSchools Rating
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$867
Property Tax -$548
Property Insurance -$166
HOA -$38
Property Management Fees -$99
CASH FLOW
$123

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.

$249,500

PROJECTED PRICE

$1,840

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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-$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$71,868

INVESTMENT

$71,868

Down Payment
$62,375
Rehab Estimate
$5,750
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$9,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,7003$1,8404$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 9826 Jacy Creek Drive Tomball, TX 3
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.87
    •  
  • 9603 Paloma Creek Drive Tomball, TX 1
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2016
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.85
    •  
  • 23006 Ari Creek Way Tomball, TX 2
    • 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2016
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 10010 Red Tamarack Lane Tomball, TX 4
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2018
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 10007 Bitternut Hickory Lane Tomball, TX 5
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2016
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rosa Ellen Story
1.281.799.5381
Re/max Vintage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 54124518
Last Updated: 01/23/2021
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