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19622 Kilborne Park Lane Spring, TX 77379

4 Beds 2 Baths 1,856 sqft Built 1992

$199,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $107.70
  • 11 Days on Market
  • MLS # : 52251089
  • Updated Date : 11/02/2020 at 10:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Sprout Realty

Listing Agent's Description

You will fall in love with this newly updated home offering 4 bedrooms, 2 full baths, a gorgeous wood-look tile throughout to accommodate the white accents and fresh paint throughout the home. All new Samsung appliances. Custom Light fixtures in kitchen, living room, and spare bath. Walk into your master bath and enjoy a double vanity with a garden tub and separate walk-in shower. The garage offers custom full built-in shelving units on all walls and custom shiplap walls with a fridge that conveys in the garage. This home has a new roof and AC, a new fence, an added patio, and so much more!!

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

Neighborhood: Bridgestone West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k305k

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

Neighborhood: Bridgestone West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9312063

* 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
Kuehnle Elementary School Primary Regular 766 50 7
Krimmel Intermediate School Middle Regular 1,229 72 7
Klein High School High Regular 3,885 228 6

Kuehnle Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 50
7
GreatSchools Rating

Krimmel Intermediate School

  • Education Level: Middle
  • # of students: 1,229
  • # of teachers: 72
7
GreatSchools Rating

Klein High School

  • Education Level: High
  • # of students: 3,885
  • # of teachers: 228
6
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$738
Property Tax -$471
Property Insurance -$153
HOA -$25
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.

$199,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.7%
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

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,6004$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 19622 Kilborne Park Lane Spring, TX 2
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.84
    •  
  • 19707 Vernier Woods Lane Spring, TX 1
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1993
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 19711 Plymouth Ridge Lane Spring, TX 3
    • 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 1993
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 5614 Roserock Lane Spring, TX 4
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 5722 Valley Scene Way Spring, TX 5
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2002
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cody Cooper
1.832.334.9588
Sprout Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52251089
Last Updated: 11/02/2020
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