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2845 Kings Retreat Circle 
Kingwood, TX
77345
3 Beds 4 Baths 1,945 sqft
Built 2016
INVESTimate
$220,000
List Price
$64,050
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $113.11
- 90 Days on Market
- MLS # : 15622259
- Updated Date : 08/24/2020 at 14:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,945 sqft
- Baths : 3 full , 1 half
Listing Agent
St. John Premier Properties
Listing Agent's Description
Motivated seller on this Beautiful 3 story home sits within the gated community of Kingwood Estates, located within walking distance of restaurants, shopping and entertainment in the master planned community of Kingwood. Spacious open concept living with three distinct levels, Spacious master bedroom with an unbelievable walk-in closet and one secondary bedroom are on the third level, Master bath has dual sinks, granite counters and a separate jetted tub and shower. A large living area opens to a gorgeous kitchen which includes bull nose edge granite counters, stainless appliances, a butlers pantry, 42" maple cabinets, large island ,dining area and half bath all on the second level. The foyer, flex room (could be bedroom or study) and a third full bath are located on the first level. Low Maintenance yard, corner lot and a full size driveway are just a few of the upgrades on this move-in ready home.
SEE MORE
- 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 Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kings Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$523 | |
| Property Insurance | -$159 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$158
|
||
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.
$220,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.84%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.16% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
4.67
YEARS SAVED
$12,548
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 -
$0.95
LIST RENT PER SQFT
-
$2,023
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
2845 Kings Retreat Circle Kingwood, TX 1
- 3 beds 4 baths ∙ 1,945 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,945 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,850
- $0.95
-
2738 Kings Retreat Circle Kingwood, TX 2
- 3 beds 4 baths ∙ 1,973 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,973 Sqft ∙ Built 2014
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,975
- $1.00
-
2831 Kings Retreat Circle Kingwood, TX 3
- 3 beds 4 baths ∙ 1,931 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,931 Sqft ∙ Built 2014
![property image]()
LEASED 05/31/19- Rent
- Rent Per SQFT
- $2,000
- $1.04
-
2720 Kings Retreat Circle Kingwood, TX 4
- 3 beds 4 baths ∙ 2,144 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,144 Sqft ∙ Built 2014
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $2,099
- $0.98
-
2839 Kings Retreat Circle Houston, TX 5
- 3 beds 4 baths ∙ 1,934 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,934 Sqft ∙ Built 2015
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.14
PROPERTY LISTING DETAILS
1.713.320.2653
St. John Premier Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 15622259
Last Updated: 08/24/2020
