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5370 Kyla Circle Katy, TX 77493

3 Beds 3 Baths 2,400 sqft Built 2003

$265,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

$75,975

Investment Est.

AVAILABLE

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1 Year
(+6.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	$1,980
Value Increase	$18,140

10 YEAR

Cash On Cash	-1.9%
Total Return	11.5%

PROPERTY INFO

SINGLE-FAMILY

July 12, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2003
Price/Sqft : $110.42
2 Days on Market
MLS # : 8928095
Updated Date : 07/12/2021 at 15:44

CONSTRUCTION

Beds : 3
Floor Size : 2,400 sqft
Baths : 2 full , 1 half

Listing Agent

Re/max Cinco Ranch

Listing Agent's Description

Peaceful subdivision in Katy & Katy schools! Large front porch to relax on, huge backyard, enter into the home & you will see tile floors in the entry, arched entrance into the Formal dining room, Large living area w/corner fireplace, ceiling fan, insulated windows throughout, energy home! Great large tiled gourmet kitchen, Large walk-in closet!, Great gameroom up, huge Master suite w/double vanities, huge garden tub, glass shower! Call to schedule your Private showing today!

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Heritage Park West

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

Neighborhood: Heritage Park West

* 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
Bethke Elementary	Primary	Regular			NA
Katy Junior High School	Middle	Regular	1,288	86	7
Katy High School	High	Regular	3,065	176	7

Bethke Elementary

Education Level: Primary
# of students:
# of teachers:

GreatSchools Rating

Katy Junior High School

Education Level: Middle
# of students: 1,288
# of teachers: 86

GreatSchools Rating

Katy High School

Education Level: High
# of students: 3,065
# of teachers: 176

GreatSchools Rating

FINANCIALS

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$238,500$291,50000$265,000

PURCHASE PRICE

$1,782$2,17800$1,980

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,980
EXPENSES	Loan Payment	-$920
	Property Tax	-$583
	Property Insurance	-$189
	HOA	-$24
	Property Management Fees	-$99



CASH FLOW $165

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.

$265,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	6.7%
Maintenance Year (1-5)	8.00%
Vacancy	9.28%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$75,975

Down Payment	$66,250
Rehab Estimate	$5,750
Closing Costs	$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$66,250
Loan Amount	$198,750

See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$12,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,980
LIST RENT
$0.83
LIST RENT PER SQFT

$2,010
COMP ESTIMATED VALUE
$0.84
COMP AVG. RENT PER SQFT

Comps Range

$1,800

1$1,8002$1,9803$2,0004$2,0505$2,100

$2,100

RENT COMPS ANALYSIS

2,400
PROPERTY SQFT
$0.84
AVG RENT PER SQFT
$2,010
ESTIMATED VALUE
$1,980
LIST RENT

5370 Kyla Circle Katy, TX 3

3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2003
Price

Price Per SQFT

$265,000

$110.42
3574 Paganini Place Katy, TX 1

4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2018
SOLD 01/15/21
Price

Price Per SQFT

$255,000

$105.50
2823 Lakecrest River Drive Katy, TX 2

4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007
SOLD 03/04/21
Price

Price Per SQFT

$265,000

$107.20
24718 Alberti Sonata Drive Katy, TX 4

4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2018
SOLD 05/04/21
Price

Price Per SQFT

$275,000

$109.43
6213 Spoon Bill Street Katy, TX 5

3 beds 2 baths ∙ 2,342 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 1996
SOLD 06/23/21
Price

Price Per SQFT

$312,000

$133.22

5370 Kyla Circle Katy, TX 2

3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2003
Rent

Rent Per SQFT

$1,980

$0.83
3256 Rachel Lane Katy, TX 1

4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1997
LEASED 12/11/20
Rent

Rent Per SQFT

$1,800

$0.75
24726 Scarlatti Cantata Katy, TX 3

4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2018
LEASED 03/01/21
Rent

Rent Per SQFT

$2,000

$0.81
24838 Pavarotti Place Katy, TX 4

3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2019
LEASED 01/20/21
Rent

Rent Per SQFT

$2,050

$0.92
24935 Puccini Place Katy, TX 5

4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2018
LEASED 04/17/21
Rent

Rent Per SQFT

$2,100

$0.87

PROPERTY LISTING DETAILS

Kyle Roesler
1.281.732.3254
Re/max Cinco Ranch

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 8928095
Last Updated: 07/12/2021

5370 Kyla Circle Katy, TX 77493

$265,000

$1,980

$75,975

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Bethke Elementary

Katy Junior High School

Katy High School

FINANCIALS

$238,500$291,50000$265,000

$1,782$2,17800$1,980

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$265,000

$1,980

0.75%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$920

4.67

$12,751

$265,000

$110.42

$273,210

$113.84

COMPS RANGE

PRICE COMPS ANALYSIS

$1,980

$0.83

$2,010

$0.84

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS