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5330 Willow Knoll Court Houston, TX 77345

3 Beds 2 Baths 2,073 sqft Built 1993

$240,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $115.77
  • 3 Days on Market
  • MLS # : 80357344
  • Updated Date : 02/19/2021 at 12:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,073 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

This fantastic 1 story home is on a corner lot. Further down the cul-de-sac street (1 block) is the entrance to the greenbelts. The entrance is just behind the Mills Branch Park. This home is close to Kroger on Northpark as well as Ford Road. Enjoy the fantastic area schools. This home is move-in ready come take a look today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mills Branch Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Mills Branch 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
Hidden Hollow Elementary School Primary Regular 521 35 7
Creekwood Middle School Middle Regular 1,094 62 9
Kingwood High School High Regular 2,610 140 9

Hidden Hollow Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 35
7
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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$834
Property Tax -$506
Property Insurance -$167
HOA -$37
Property Management Fees -$99
CASH FLOW
$117

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.

$240,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.8%
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-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,535

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,788

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7353$1,7604$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5330 Willow Knoll Court Houston, TX 3
    • 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.85
    •  
  • 3602 Echo Mountain Drive Houston, TX 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1993
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 5003 Maple Brook Lane Houston, TX 2
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1988
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.81
    •  
  • 4307 Appalachian Trail Houston, TX 4
    • 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1988
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 5319 Jasper Grove Court Houston, TX 5
    • 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 1993
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
PROPERTY LISTING DETAILS
Leonard Clark
1.832.452.0709
Re/max Associates Northeast
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 80357344
Last Updated: 02/19/2021
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