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8710 Sunrise Canter 
Tomball, TX
77375
3 Beds 2 Baths 1,434 sqft
Built 2010
INVESTimate
$190,000
List Price
$56,100
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PROPERTY INFO
FACTS
- Built In 2010
- Price/Sqft : $132.50
- 2 Days on Market
- MLS # : 45467071
- Updated Date : 08/25/2020 at 08:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,434 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Great one story home with 3 bedrooms, 2 baths and 2 car garage with opener. Fully fenced in yard with sprinkler system. Comes with refrigerator, microwave, dishwasher and gas cooktop stove. Large master with huge closet. Master bath has dual sinks, garden tub and separate shower. Highly sought after Klein Oaks High School. Two minutes from The Woodlands, tons of new shopping and restaurants. Close to 99 and the ExxonMobil campus. Needs a little TLC but PRICED TO SELL!! New hot water heater recently installed. NEVER FLOODED.
SEE MORE
- 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: Saddlebrook Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Saddlebrook Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$483 | |
| Property Insurance | -$122 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$75
|
||
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.
$190,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.60% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,100
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
3.5
YEARS SAVED
$6,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,527
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
8710 Sunrise Canter Tomball, TX 1
- 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,520
- $1.06
-
8723 Rollick Drive Tomball, TX 2
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2008
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
-
25306 Saddlebrook Ranch Drive Tomball, TX 3
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2011
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,600
- $0.99
-
8643 Sunny Gallop Drive Tomball, TX 4
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2010
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,600
- $1.12
-
25547 Dappled Filly Drive Tomball, TX 5
- 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2012
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,605
- $1.10
PROPERTY LISTING DETAILS
1.281.352.2975
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 45467071
Last Updated: 08/25/2020
