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2903 Helding Park Court Katy, TX 77494

4 Beds 3 Baths 2,472 sqft Built 2010

$270,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $109.22
  • 3 Days on Market
  • MLS # : 57537301
  • Updated Date : 01/01/2021 at 19:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,472 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Premier Realty

Listing Agent's Description

Beautiful, well maintained Highland home. 4 bedrooms with 3 FULL Bathrooms. 3 bedrooms downstairs!!! (including Primary Bedroom) Upstairs is the Game Room, the 4th bedroom with a private bathroom. Large Island kitchen with ample room for family and friends to gather and has "tons" of counter space and dark cabinets. The Kitchen opens to the Den/Family Room. The downstairs Primary suite is secluded and is spacious with a large bathroom and walk-in closet. The garage has wood doors and additional overhead storage. Sit on the oversized covered back patio and enjoy the backyard. You will love this floor plan.

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: 77494

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k403k

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

Zip Code: 77494

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10372506

* 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
Wolman Elementary School Primary Regular 1,212 70 NA
Woodcreek Junior High School Middle Regular 1,906 102 10
Katy High School High Regular 3,065 176 7

Wolman Elementary School

  • Education Level: Primary
  • # of students: 1,212
  • # of teachers: 70
NA
GreatSchools Rating

Woodcreek Junior High School

  • Education Level: Middle
  • # of students: 1,906
  • # of teachers: 102
10
GreatSchools Rating

Katy High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 176
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$996
Property Tax -$703
Property Insurance -$170
HOA -$79
Property Management Fees -$99
CASH FLOW
$63

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.

$270,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.6%
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$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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,101

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,1004$2,1005$2,110
$2,110
RENT COMPS ANALYSIS
  • 2903 Helding Park Court Katy, TX 5
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.85
    •  
  • 28114 Helmsman Knolls Drive Katy, TX 1
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2008
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2807 Fair Chase Drive Katy, TX 2
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2009
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.82
    •  
  • 2822 Fair Chase Drive Katy, TX 3
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2009
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 2907 Fair Chase Drive Katy, TX 4
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2010
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
Les Strech
1.832.588.7067
Keller Williams Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 57537301
Last Updated: 01/01/2021
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