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4115 Brook Shadow Drive Kingwood, TX 77345

4 Beds 2 Baths 2,413 sqft Built 1986

$234,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $97.35
  • 34 Days on Market
  • MLS # : 48229188
  • Updated Date : 12/02/2020 at 14:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,413 sqft
  • Baths : 2 full
Listing Agent

Home Run Realty

Listing Agent's Description

Wonderful 4 Bedroom, 2 Full Bath, 2 Car Detached Located in Greentree Village. Great Floor Plan with High Ceilings. Granite Countertops in Kitchen. Formal Living and Dining Rooms at Front of Home. Large Family Room. Master Bath with Separate Shower and Jacuzzi Tub. Great Kingwood Schools. This Home Won’t Last! A Must See!!!

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: Greentree Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k312k

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

Neighborhood: Greentree Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722380

* 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
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$867
Property Tax -$558
Property Insurance -$190
HOA -$33
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.

$234,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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

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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,597
1$1,5972$1,7253$1,8104$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4115 Brook Shadow Drive Kingwood, TX 3
    • 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.75
    •  
  • 3810 Haven Pines Drive Houston, TX 1
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1980
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,597
    • $0.72
    •  
  • 3607 Brook Shadow Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 1981
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 3027 Rushing Brook Drive Kingwood, TX 4
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1986
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 3815 Honey Brook Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1979
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Nolan Nix
1.713.397.4260
Home Run Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 48229188
Last Updated: 12/02/2020
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