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PROPERTY INFO
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!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kings River Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
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
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- $2,195
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-
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LEASED 06/08/20- Rent
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- $2,300
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20535 Delta Wood Trail Humble, TX 4
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LEASED 01/06/21- Rent
- Rent Per SQFT
- $2,300
- $0.77
PROPERTY LISTING DETAILS
1.713.203.9204
Martha Turner Sotheby's
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 11884074
Last Updated: 01/23/2021
