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15303 Kickapoo Trail Willis, TX 77378

3 Beds 2 Baths 1,234 sqft Built 2019

$179,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $145.79
  • 2 Days on Market
  • MLS # : 50458474
  • Updated Date : 02/13/2021 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

Jeffery S. Williams, Broker

Listing Agent's Description

Built in 2019 this beautiful 3/2 home is quiet and secluded but just minutes from Lake Conroe and your very own neighborhood lake access is a block away! Exclusive to residents, the neighborhood provides fishing docks, walking trails, a gorgeous community swimming pool, and a covered rec hall for hosting those special occasions. This home features a modern open concept with plenty of granite counter space for prep and entertaining. The kitchen has plenty of cabinet storage and a generously sized pantry. Each bedroom is generously sized to accommodate a growing household! Tile floors throughout the main living space provide easy clean up and durability for years to come while each bedroom has a neutral carpet. The exterior includes a covered porch, long double driveway, brick exterior, large yard, and a 2 car garage. This home will not last long, schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 77378

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k222k

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

Zip Code: 77378

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6991677

* 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
Parmley Elementary School Primary Regular 751 41 4
Lynn Lucas Middle School Middle Regular 774 47 3
Willis High School High Regular 1,944 117 4

Parmley Elementary School

  • Education Level: Primary
  • # of students: 751
  • # of teachers: 41
4
GreatSchools Rating

Lynn Lucas Middle School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 47
3
GreatSchools Rating

Willis High School

  • Education Level: High
  • # of students: 1,944
  • # of teachers: 117
4
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$625
Property Tax -$318
Property Insurance -$98
HOA -$10
Property Management Fees -$99
CASH FLOW
$49

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.

$179,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$7,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,200

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2953$1,3254$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 15303 Kickapoo Trail Willis, TX 1
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
  • 5437 N Buffalo Circle Willis, TX 2
    • 3 beds 3 baths ∙ 1,329 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,329 Sqft ∙ Built 2008
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.97
    •  
  • 5433 N Buffalo Circle Willis, TX 3
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2007
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.88
    •  
  • 13832 Winding Path Lane Willis, TX 4
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2019
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 13802 Spring Meadows Court Willis, TX 5
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2019
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Caroline Williams
1.936.777.0794
Jeffery S. Williams, Broker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 50458474
Last Updated: 02/13/2021
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