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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.

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!

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: Heritage Park West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Heritage Park West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9122063

* 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:
NA
GreatSchools Rating

Katy Junior High School

  • Education Level: Middle
  • # of students: 1,288
  • # of teachers: 86
7
GreatSchools Rating

Katy High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 176
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

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
Term
3.75%
Interest
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
  • 5370 Kyla Circle Katy, TX 2
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2003
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    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
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