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2853 Kings Retreat Circle 
Houston, TX
77345
4 Beds 4 Baths 2,823 sqft
Built 2014
INVESTimate
$309,900
List Price
$87,874
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $109.78
- 3 Days on Market
- MLS # : 82945968
- Updated Date : 08/24/2020 at 11:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,823 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Designer luxury and modern design are embodied in this 4 bedroom, 3.5 bath beauty at almost 3000 square feet. Located in the heart of Kingwood, this homey, yet luxurious "urban feel" abode even comes with an ELEVATOR. The 3 story dramatic staircase leads up to the primary bedroom with an en suite complete with a spa like tub, shower and 2 separate vanities. Let's not forget the ENORMOUS CLOSET! The kitchen has recently been transformed with lighter/gorgeous granite countertops and backsplash. The high end refrigerator stays and is practically brand new. The large island is the perfect gathering spot, which is open to the living area and dining room. The beautiful arched openings are such an added architectural feature to this home. Enjoy the "secret" media room/study tucked behind the book case off of the kitchen. This one is move in ready! Centrally located by grocery stores, restaurants and trails. THIS PROPERTY DID NOT FLOOD
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 | $2,640 |
| EXPENSES | Loan Payment | -$1,143 |
| Property Tax | -$653 | |
| Property Insurance | -$218 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$426
|
||
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.
$309,900
PROJECTED PRICE
$2,640
PROJECTED RENT
0.85%
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
$87,874
LOAN DETAILS
$1,143
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
8.42
YEARS SAVED
$40,556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,640
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,597
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
2853 Kings Retreat Circle Houston, TX 4
- 4 beds 4 baths ∙ 2,823 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,823 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,640
- $0.94
-
2814 Kings Retreat Circle Houston, TX 1
- 3 beds 4 baths ∙ 2,703 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,703 Sqft ∙ Built 2012
LEASED 01/04/20- Rent
- Rent Per SQFT
- $2,350
- $0.87
-
2824 Kings Retreat Circle Kingwood, TX 2
- 3 beds 4 baths ∙ 2,807 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,807 Sqft ∙ Built 2013
LEASED 10/04/19- Rent
- Rent Per SQFT
- $2,450
- $0.87
-
2855 Kings Retreat Circle Kingwood, TX 3
- 3 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015
LEASED 07/22/20- Rent
- Rent Per SQFT
- $2,600
- $0.93
-
2820 Kings Retreat Circle Houston, TX 5
- 4 beds 4 baths ∙ 2,823 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,823 Sqft ∙ Built 2013
LEASED 12/04/19- Rent
- Rent Per SQFT
- $2,850
- $1.01
PROPERTY LISTING DETAILS
1.832.392.9260
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 82945968
Last Updated: 08/24/2020
