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19718 Kilborne Park Lane Spring, TX 77379

3 Beds 3 Baths 2,362 sqft Built 1992

$220,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $93.14
  • 2 Days on Market
  • MLS # : 79054854
  • Updated Date : 11/07/2020 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,362 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maven Realty

Listing Agent's Description

Pride of ownership is evident in this tasteful home safely situated on a cul-de-sac street. Spacious rooms, including two family rooms and gameroom. Enjoy the two-story casting afternoon shade over an east-facing backyard. Roof and both AC’s replaced within the past six years. Radiant-barrier attic. Districted to award-winning Klein ISD schools and convenient to HEB/Sprouts/Lowes/restaurants and shopping.

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
 

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

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$812
Property Tax -$518
Property Insurance -$187
HOA -$25
Property Management Fees -$99
CASH FLOW
$120

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

$1,760

PROJECTED RENT

0.80%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$64,050

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
Term
4.25%
Interest
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

4.33

YEARS SAVED

$10,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7603$1,8004$1,8605$2,000
$2,000
RENT COMPS ANALYSIS
  • 19718 Kilborne Park Lane Spring, TX 2
    • 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.75
    •  
  • 5010 Mossy Bridge Drive Spring, TX 1
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2006
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 5614 Upland Brook Lane Spring, TX 3
    • 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 2001
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 20319 Eden Pines Spring, TX 4
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.82
    •  
  • 5710 Capella Park Drive Spring, TX 5
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1999
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mark Inman
1.281.353.5544
Maven Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 79054854
Last Updated: 11/07/2020
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