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18314 Hillingdon Lane Tomball, TX 77377

4 Beds 2 Baths 1,682 sqft Built 2013

INVESTimate

$220,000

List Price

$1,640

$1,476 - $1,804

Rent Est.

$64,050

Investment Est.

$230,054 ( +4.57%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	8.95%
NOI	$7,987

15 YEAR
Yield	4.21%
Appreciation	3.19%
TOTAL RETURN	16.55%

PROPERTY INFO

August 24, 2020 RECENTLY ADDED

FACTS

Built In 2013
Price/Sqft : $130.80
3 Days on Market
MLS # : 94491886
Updated Date : 08/24/2020 at 16:16

CONSTRUCTION

Beds : 4
Floor Size : 1,682 sqft
Baths : 2 full

Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Great home in Northpointe, walking distance from Northpointe Intermediate and Willowcreek Elementary in Tomball ISD. Private back yard space with small patio, spacious living area, nice kitchen, this is a wonderful home for those just starting out, or someone wanting to downsize. Conveniently located with easy access to SH 249, the Grand Parkway, Beltway 8, and the Vintage shops and restaurants. You'll love living in this small neighborhood, with so much accessible to you. Welcome home!

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18314 Hillingdon Ln

Tomball, Texas

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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)

Zip Code: 77377

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

Zip Code: 77377

* 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
Northpointe Intermediate School	Primary	Regular	1,012	58	9
Northpointe Intermediate School	Middle	Regular	1,012	58	9
Tomball Memorial High School	High	Regular	1,942	103	9

Northpointe Intermediate School

Education Level: Primary
# of students: 1,012
# of teachers: 58

GreatSchools Rating

Northpointe Intermediate School

Education Level: Middle
# of students: 1,012
# of teachers: 58

GreatSchools Rating

Tomball Memorial High School

Education Level: High
# of students: 1,942
# of teachers: 103

GreatSchools Rating

FINANCIALS

Learn how to read this

$198,000$242,00000$220,000

PURCHASE PRICE

$1,476$1,80400$1,640

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	$1,640
EXPENSES	Loan Payment	-$812
	Property Tax	-$504
	Property Insurance	-$138
	Property Management Fees	-$99




CASH FLOW $88

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.

$220,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	4.57%
Maintenance Year (1-5)	8.00%
Vacancy	9.28%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$64,050

Down Payment	$55,000
Rehab Estimate	$5,750
Closing Costs	$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$55,000
Loan Amount	$165,000

See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,640
LIST RENT
$0.98
LIST RENT PER SQFT

$1,711
COMP ESTIMATED VALUE
$1.02
COMP AVG. RENT PER SQFT

Comps Range

$1,580

1$1,5802$1,6403$1,6504$1,6955$1,745

$1,745

RENT COMPS ANALYSIS

1,682
PROPERTY SQFT
$1.02
AVG RENT PER SQFT
$1,711
ESTIMATED VALUE
$1,640
LIST RENT

18314 Hillingdon Lane Tomball, TX 5

4 beds 2 baths ∙ 1,682 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 2013
Price

Price Per SQFT

$220,000

$130.80
18323 Westlock Street Tomball, TX 1

3 beds 3 baths ∙ 1,690 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 1999
SOLD 04/08/20
Price

Price Per SQFT

$180,000

$106.51
12435 Westwold Drive Tomball, TX 2

4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2000
SOLD 04/27/20
Price

Price Per SQFT

$187,999

$110.07
18226 Almonte Lane Tomball, TX 3

3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2000
SOLD 07/24/20
Price

Price Per SQFT

$199,900

$117.31
18335 Hillingdon Lane Tomball, TX 4

4 beds 2 baths ∙ 1,547 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 2012
SOLD 07/10/20
Price

Price Per SQFT

$217,500

$140.59

18314 Hillingdon Lane Tomball, TX 2

4 beds 2 baths ∙ 1,682 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 2013
Rent

Rent Per SQFT

$1,640

$0.98
11927 Oakner Drive Tomball, TX 1

4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1993
LEASED 09/10/19
Rent

Rent Per SQFT

$1,580

$0.92
12147 Bowsman Drive Tomball, TX 3

3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1994
LEASED 06/05/20
Rent

Rent Per SQFT

$1,650

$1.05
12011 Northpointe Meadows Drive Tomball, TX 4

4 beds 2 baths ∙ 1,628 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 2016
LEASED 07/28/20
Rent

Rent Per SQFT

$1,695

$1.04
18331 Hillingdon Lane Tomball, TX 5

4 beds 2 baths ∙ 1,640 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 2014
LEASED 04/17/20
Rent

Rent Per SQFT

$1,745

$1.06

PROPERTY LISTING DETAILS

Susan Cline
1.713.705.3053
Bhgre Gary Greene

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94491886
Last Updated: 08/24/2020

18314 Hillingdon Lane Tomball, TX 77377

INVESTimate

$220,000

$1,640

$64,050

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Northpointe Intermediate School

Northpointe Intermediate School

Tomball Memorial High School

FINANCIALS

$198,000$242,00000$220,000

$1,476$1,80400$1,640

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$220,000

$1,640

0.75%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$812

4.08

$9,521

$220,000

$130.8

$199,519

$118.62

COMPS RANGE

PRICE COMPS ANALYSIS

$1,640

$0.98

$1,711

$1.02

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS