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12326 Kings Chase Drive 
Houston, TX
77044
5 Beds 4 Baths 2,556 sqft
Built 2001
INVESTimate
$180,000
List Price
$53,450
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $70.42
- 3 Days on Market
- MLS # : 67947221
- Updated Date : 08/24/2020 at 21:35
CONSTRUCTION
- Beds : 5
- Floor Size : 2,556 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Top Realty
Listing Agent's Description
Need more space? Look no further. The beautiful home features 5 bedrooms and 3 & 1/2 bathrooms. It's large backyard is perfect for entertaining. Roof has been replaced in the recent years. Downstairs flooring features all hardwood laminate flooring, no carpet. Kitchen features lovely stainless steel appliances. The master bedroom is downstairs with all other bedrooms upstairs. The game room features tons of space for entertaining. HOA has a community pool and playground. Home has been freshly painted and ready for it's new owner. Will it be you? Come see this beauty today!
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: Kingslake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingslake Forest
* 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 | $1,700 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$501 | |
| Property Insurance | -$200 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$209
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$180,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.94%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 3.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,450
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $45,000 |
| Loan Amount | $135,000 |
7.25
YEARS SAVED
$18,455
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,738
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
12326 Kings Chase Drive Houston, TX 4
- 5 beds 4 baths ∙ 2,556 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,556 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,700
- $0.67
-
12331 Queens River Drive Houston, TX 1
- 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2007
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.69
-
12054 Green Bluff Court Houston, TX 2
- 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2015
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.67
-
11711 Cabot Hill Street Houston, TX 3
- 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2007
LEASED 06/07/19- Rent
- Rent Per SQFT
- $1,680
- $0.69
-
11706 Abby Ridge Way Houston, TX 5
- 5 beds 3 baths ∙ 2,675 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,675 Sqft ∙ Built 2008
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.67
PROPERTY LISTING DETAILS
1.713.733.3700
Re/max Top Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 67947221
Last Updated: 08/24/2020
