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21563 Rose Mill Drive Kingwood, TX 77339

4 Beds 3 Baths 2,992 sqft Built 2009

$257,500

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $86.06
  • 59 Days on Market
  • MLS # : 52576938
  • Updated Date : 01/12/2021 at 22:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,992 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Home is move in ready! Schedule today to see this beautiful home. Featuring 4 bedroom 2.5 bath. Enjoy upgraded hard wood floors throughout, no carpet, the entry leads into formal dining area which is open to the family room making it ideal for entertaining. The family living room has a beautiful recently upgraded corner gas fireplace that is connected and open to the beautiful kitchen. Kitchen features granite counter tops with a great island. This house has a large master suite with dual sinks, separate tub & shower. The backyard oasis completes this home with an extended back patio featuring a kids paradise swing set and huge picnic table all included. Book your showing today as this home will NOT last long. Home is move in ready and waiting for you! Refrigerator, Washer, Dryer, Kids playground and picnic table in backyard are ALL INCLUDED!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77339

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77339

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Kings Manor Elementary School Primary Regular 649 39 7
Woodridge Forest Middle School Middle Unknown 671 46 NA
Porter High School High Regular 1,677 118 4

Kings Manor Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 39
7
GreatSchools Rating

Woodridge Forest Middle School

  • Education Level: Middle
  • # of students: 671
  • # of teachers: 46
NA
GreatSchools Rating

Porter High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 118
4
GreatSchools Rating
 

$231,750$283,250$257,500

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$894
Property Tax -$749
Property Insurance -$200
HOA -$50
Property Management Fees -$99
CASH FLOW
$58

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.

$257,500

PROJECTED PRICE

$2,050

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.7%
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-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,988

INVESTMENT

$73,988

Down Payment
$64,375
Rehab Estimate
$5,750
Closing Costs
$3,863

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$894

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,375
Loan Amount $193,125
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,244

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0503$2,0504$2,1005$2,395
$2,395
RENT COMPS ANALYSIS
  • 21563 Rose Mill Drive Kingwood, TX 3
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.69
    •  
  • 21499 Kings Bend Drive Kingwood, TX 1
    • 4 beds 4 baths ∙ 2,663 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,663 Sqft ∙ Built 2012
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
  • 26010 Mills Ridge Court Kingwood, TX 2
    • 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.69
    •  
  • 21347 S Kings Mill Lane Kingwood, TX 4
    • 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 2013
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 22109 Iron Knoll Drive Humble, TX 5
    • 3 beds 2 baths ∙ 2,890 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,890 Sqft ∙ Built 2004
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
PROPERTY LISTING DETAILS
Lucila Reyes
1.281.433.0226
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52576938
Last Updated: 01/12/2021
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