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3206 Golden Willow Drive Houston, TX 77339

4 Beds 3 Baths 2,033 sqft Built 1985

$212,500

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $104.53
  • 8 Days on Market
  • MLS # : 72045435
  • Updated Date : 12/15/2020 at 08:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,033 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Northwest, Realtors

Listing Agent's Description

Beautifully appointed 4/2.1/2 home in the heart of Kingwood. Many, many recent updates! New flooring throughout, recent paint throughout, remodeled kitchen with refinished cabinets and granite c-tops! . Spacious living room with tile floors, custom cabinets, and beautiful gas fireplace w/ brick hearth. Updated light and plumbing fixtures throughout. Recent 6 panel doors installed throughout home. XXL master suite with dual closets. Master bath w/ oversized jacuzzi tub, granite c-tops, updated cabinetry, and brushed nickel fixtures! Half bath w/ recent cabinets and granite c-tops. The second floor of the home offers 3 spacious bedrooms, a gameroom, and updated full bath featuring recent cabinets, granite c-tops, tub and tile surround! Don't miss out on this gorgeous home!

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

Neighborhood: Hunters Ridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Hunters Ridge Village

NeighborhoodNIR 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
Greentree Elementary School Primary Regular 760 44 8
Creekwood Middle School Middle Regular 1,094 62 9
Kingwood High School High Regular 2,610 140 9

Greentree Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 44
8
GreatSchools Rating

Creekwood Middle School

  • Education Level: Middle
  • # of students: 1,094
  • # of teachers: 62
9
GreatSchools Rating

Kingwood High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 140
9
GreatSchools Rating
 

$191,250$233,750$212,500

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$784
Property Tax -$467
Property Insurance -$165
HOA -$41
Property Management Fees -$99
CASH FLOW
$194

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.

$212,500

PROJECTED PRICE

$1,750

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.3%
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$12k

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$62,063

INVESTMENT

$62,063

Down Payment
$53,125
Rehab Estimate
$5,750
Closing Costs
$3,188

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$784

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,125
Loan Amount $159,375
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$17,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7503$1,7504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 3206 Golden Willow Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,033 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,033 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 3906 Hidden Glen Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 1978
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 3210 Brookgreen Drive Houston, TX 2
    • 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1980
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 3222 Golden Willow Drive Houston, TX 4
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1986
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 4011 Flint Creek Drive Houston, TX 5
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1978
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jason Rexwinkle
1.281.381.6295
Re/max Northwest, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72045435
Last Updated: 12/15/2020
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