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20727 Golden Hawthorn Court Humble, TX 77346

4 Beds 4 Baths 2,982 sqft Built 1996

$339,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $113.98
  • 3 Days on Market
  • MLS # : 11884074
  • Updated Date : 01/23/2021 at 14:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,982 sqft
  • Baths : 3 full , 1 half
Listing Agent

Martha Turner Sotheby's

Listing Agent's Description

Are you looking for a fabulous location? Look no further! This amazing Village Builder home features 4 bedrooms, 3.5 baths, hardwood Flooring, gas log fireplace, powder bath 1st floor, private study with french doors, formal dining room, island kitchen with stainless appliances, gas range, bar seating, newly replaced tile, open to family and light and airy breakfast room. Refrigerator included! Primary bedroom 1st floor with en suite updated bath with granite, tub, separate seamless shower, his/her sinks, walk-in closet. Upstairs awaits a game room, 3 additional bedrooms, two more full baths both with granite as well. Vacation in your own back yard with sprawling pool, grotto, spa, pergola, new fence, 1/3 ACRE lot!! AC/Furnace 4 ton Trane replaced 2018, recent water heaters, plumbed and generator ready! This awesome home is in the heart of cul-de-sac, sides to the greenbelt, zoned to excellent Kingwood Schools, is truly a gem!! Never flooded!

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MARKET HIGHLIGHTS

  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • 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)

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,181
Property Tax -$766
Property Insurance -$229
HOA -$33
Property Management Fees -$99
CASH FLOW
$13

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.

$339,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.68%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,281

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,1953$2,3004$2,3005$2,320
$2,320
RENT COMPS ANALYSIS
  • 20727 Golden Hawthorn Court Humble, TX 5
    • 4 beds 4 baths ∙ 2,982 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,982 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.78
    •  
  • 20602 Carmine Oak Court Humble, TX 1
    • 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
    •  
  • 20603 Fawn Timber Trail Humble, TX 2
    • 3 beds 3 baths ∙ 2,921 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,921 Sqft ∙ Built 2015
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.75
    •  
  • 20635 Fawn Timber Trail Kingwood, TX 3
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2015
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 20535 Delta Wood Trail Humble, TX 4
    • 4 beds 4 baths ∙ 2,982 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,982 Sqft ∙ Built 2001
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lori Shepardson
1.713.203.9204
Martha Turner Sotheby's
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11884074
Last Updated: 01/23/2021
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