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3303 Kempwood Drive Drive Sugar Land, TX 77479

4 Beds 2 Baths 1,874 sqft Built 1982

$269,500

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $143.81
  • 2 Days on Market
  • MLS # : 2428084
  • Updated Date : 07/12/2021 at 09:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Forever Realty

Listing Agent's Description

Fantastic one story open floor plan home zoned to the best schools on a quiet, tree lined street. Walking distance to Settlers Way Elm. 4 Bedroom and 2 baths. Living and dining room with laminate floors opens to den and kitchen with granite counters. Light and bright with crown molding and pride of ownership. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Settlers Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Settlers Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
 

$242,550$296,450$269,500

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$936
Property Tax -$505
Property Insurance -$135
HOA -$33
Property Management Fees -$99
CASH FLOW
$62

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.

$269,500

PROJECTED PRICE

$1,770

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.4%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,168

INVESTMENT

$77,168

Down Payment
$67,375
Rehab Estimate
$5,750
Closing Costs
$4,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$936

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,375
Loan Amount $202,125
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7703$1,8904$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 3303 Kempwood Drive Drive Sugar Land, TX 2
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.94
    •  
  • 3303 Kempwood Drive Sugar Land, TX 1
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 3122 Pebble Lake Drive Sugar Land, TX 3
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.98
    •  
  • 3327 Kempwood Drive Sugar Land, TX 4
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1982
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 3018 Mesquite Drive Sugar Land, TX 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jacqueline Wang
1.972.922.9251
Forever Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2428084
Last Updated: 07/12/2021
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