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20654 Emerald Spruce Court Humble, TX 77346

4 Beds 4 Baths 2,649 sqft Built 2000

$234,990

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $88.71
  • 3 Days on Market
  • MLS # : 90144497
  • Updated Date : 12/11/2020 at 16:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,649 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Professionals

Listing Agent's Description

Welcome home to this beauty in Kingwood Kings River Village! This 4B/3.5B 2,649sf home is sits on an oversized corner lot nestled among mature shade trees. Magnificent, vaulted ceilings & grand foyer greet you as you enter with a lovely dining room flanking the foyer. Floor to ceiling windows fill the living room with natural light & the corner fireplace makes the space warm & cozy. Enjoy entertaining in the large eat-in kitchen that opens to the living room. After dinner, take the party upstairs to the massive gameroom that could be used as a media room. The expansive catwalk overlooks the 1st floor while bridging 3 bedrooms & 2 full baths. Escape to the oversized 1st floor primary bedroom offering a private ensuite featuring a large split walk-in closet, separate shower, dual hi-low sinks & vanity & luxurious spa tub. Enjoy the outdoors in your expansive backyard with mature trees to provide you shade from the heat! Don’t miss out on this one!! Make it yours today!! **Never flooded!!

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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: Kings River Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k315k

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

Neighborhood: Kings River Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722081

* 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
Greentree Elementary School Primary Regular 760 44 8
Creekwood Middle School Middle Regular 1,094 62 9
Kingwood High School High Regular 2,610 140 9

Greentree Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 44
8
GreatSchools Rating

Creekwood Middle School

  • Education Level: Middle
  • # of students: 1,094
  • # of teachers: 62
9
GreatSchools Rating

Kingwood High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 140
9
GreatSchools Rating
 

$211,491$258,489$234,990

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$867
Property Tax -$559
Property Insurance -$206
HOA -$40
Property Management Fees -$99
CASH FLOW
$79

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.

$234,990

PROJECTED PRICE

$1,850

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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-$4.0k-$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$68,022

INVESTMENT

$68,022

Down Payment
$58,748
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,748
Loan Amount $176,243
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,020

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9254$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 20654 Emerald Spruce Court Humble, TX 2
    • 4 beds 4 baths ∙ 2,649 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,649 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 20918 Golden Kings Court Humble, TX 1
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 20602 Carmine Oak Court Humble, TX 3
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2000
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.71
    •  
  • 19726 Water Point Trail Humble, TX 4
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 20422 Umber Oak Court Humble, TX 5
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Vasha Chevalier
1.832.689.4873
Keller Williams Professionals
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 90144497
Last Updated: 12/11/2020
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