Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5431 Garden Village Drive Houston, TX 77339

3 Beds 2 Baths 1,885 sqft Built 1986

$204,950

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $108.73
  • 12 Days on Market
  • MLS # : 6711460
  • Updated Date : 12/18/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

The Yarborough Group

Listing Agent's Description

Beautiful one story, 3 bedroom 2 bathroom fully updated home just steps away from the beautiful walking trails in this highly desirable Elm Grove Village neighborhood. Spacious custom kitchen with granite countertops, new cabinets and stainless appliances. Primary bath with double-sink granite vanity, tile flooring, giant soaking tub with large closet! NEW WINDOWS, tile flooring and carpet throughout. Freshly painted interior with high ceilings and great open floor plan. Wooded greenbelt, walking trails, fabulous parks, and pools are all included in this lovely and quiet neighborhood nestled in the heart of Kingwood. The schools in this area are the best in Houston! Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Elm Grove Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $107k305k

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

Neighborhood: Elm Grove Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10692063

* 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
Elm Grove Elementary School Primary Regular 488 35 6
Kingwood Middle School Middle Regular 1,025 58 7
Kingwood Park High School High Regular 1,768 110 8

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 35
6
GreatSchools Rating

Kingwood Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 58
7
GreatSchools Rating

Kingwood Park High School

  • Education Level: High
  • # of students: 1,768
  • # of teachers: 110
8
GreatSchools Rating
 

$184,455$225,445$204,950

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$756
Property Tax -$432
Property Insurance -$155
HOA -$41
Property Management Fees -$99
CASH FLOW
$97

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.

$204,950

PROJECTED PRICE

$1,580

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,062

INVESTMENT

$60,062

Down Payment
$51,238
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,238
Loan Amount $153,713
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5803$1,7004$1,7505$1,825
$1,825
RENT COMPS ANALYSIS
  • 5431 Garden Village Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.84
    •  
  • 5434 Garden Village Drive Kingwood, TX 1
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1985
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.91
    •  
  • 5450 Fern Park Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 5443 Garden Village Drive Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1986
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 5438 Garden Village Drive Kingwood, TX 5
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1985
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
PROPERTY LISTING DETAILS
Benjamin Deal
1.832.835.0558
The Yarborough Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 6711460
Last Updated: 12/18/2020
BESbswy