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2718 Kettle Run Sugar Land, TX 77479

3 Beds 2 Baths 1,329 sqft Built 1982

$219,500

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $165.16
  • 3 Days on Market
  • MLS # : 2640329
  • Updated Date : 02/27/2021 at 11:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty -sw

Listing Agent's Description

Adorable cottage with greenbelt in back and on one side of property**Kitchen (which opens to the den) recently updated with granite countertops, wood-grain tile flooring, soft-close cabinets and drawers, stainless appliances, sink, and hardware**(Refrigerator, washer and dryer can stay)**Both bathrooms recently updated also with tile, granite counters, sinks and faucets**Roof replaced-2020**All windows and a French sliding door to back & covered patio were recently replaced**Shaded back yard with storage shed**Excellent Schools**Great location-convenient to Hwy. 6, SW Frwy, shopping, and short 1/2 block walk to pool and tennis courts**

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: Chimneystone

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $73k352k

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

Neighborhood: Chimneystone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9622179

* 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
Settlers Way Elementary School Primary Regular 770 51 8
First Colony Middle School Middle Regular 1,266 69 10
Clements High School High Regular 2,439 128 10

Settlers Way Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 51
8
GreatSchools Rating

First Colony Middle School

  • Education Level: Middle
  • # of students: 1,266
  • # of teachers: 69
10
GreatSchools Rating

Clements High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 128
10
GreatSchools Rating
 

$197,550$241,450$219,500

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$762
Property Tax -$411
Property Insurance -$104
HOA -$42
Property Management Fees -$99
CASH FLOW
$82

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.

$219,500

PROJECTED PRICE

$1,500

PROJECTED RENT

0.68%

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$63,918

INVESTMENT

$63,918

Down Payment
$54,875
Rehab Estimate
$5,750
Closing Costs
$3,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$762

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,875
Loan Amount $164,625
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$8,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4754$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2718 Kettle Run Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 3910 Windmill Street Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1982
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.10
    •  
  • 4011 Frontier Drive Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1983
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 2823 Chimneystone Circle Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1982
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.11
    •  
  • 2734 Kettle Run Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1982
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.20
    •  
PROPERTY LISTING DETAILS
Judy Hill Avera
1.281.830.5332
Keller Williams Realty -sw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2640329
Last Updated: 02/27/2021
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