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9834 Jacy Creek Drive Tomball, TX 77375

4 Beds 2 Baths 1,785 sqft Built 2017

$239,990

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $134.45
  • 2 Days on Market
  • MLS # : 11745580
  • Updated Date : 02/06/2021 at 20:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,785 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Professionals

Listing Agent's Description

Hurry and visit this stunning 4 bedroom 2 bath home- featuring an open floor plan. Perfect for entertaining or just relaxing. Gorgeous luxury vinyl plan throughout the home. Kitchen has an upgraded backsplash and under cabinet lighting. The massive backyard includes a covered patio, and NO back neighbors. This neighborhood is zoned to the highly rated Klein ISD. Just minutes from the Grand Parkway and shopping. This will go fast- 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
 

$215,991$263,989$239,990

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$834
Property Tax -$507
Property Insurance -$145
HOA -$38
Property Management Fees -$99
CASH FLOW
$159

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.

$239,990

PROJECTED PRICE

$1,780

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$69,347

INVESTMENT

$69,347

Down Payment
$59,998
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,998
Loan Amount $179,993
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6993$1,7504$1,7505$1,780
$1,780
RENT COMPS ANALYSIS
  • 9834 Jacy Creek Drive Tomball, TX 5
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.00
    •  
  • 9703 Paloma Creek Drive Tomball, TX 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2016
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 9506 Paloma Creek Drive Tomball, TX 2
    • 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 2017
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.98
    •  
  • 22922 Ari Creek Way Tomball, TX 3
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2016
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 9723 Paloma Creek Drive Tomball, TX 4
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
PROPERTY LISTING DETAILS
Justin Dickey
1.832.736.8112
Keller Williams Professionals
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11745580
Last Updated: 02/06/2021
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