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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $86.84
- 2 Days on Market
- MLS # : 89651838
- Updated Date : 03/06/2021 at 16:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,591 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
AWSEOME REMODEL!!Easy care Tile Floors grace the Entry and flow into the Formals and Open Concept Kit/Brk/Den.Hardwood Floors on the staircase are eye catching upon entering.Two Story Formal Living Room connects to the Formal Dining.Cozy Den features a stacked fireplace and windows to view the backyard.Gourmet island kitchen features exotic granite,designer backsplash,stainless steel appliances,gas cooktop/range.The charming brk room has a bay window.Check out the powder room:furniture style vanity w faucet has lighting.The primary suite is located on the first floor.Relax in the spa-like bathroom,features a vanity with dual sinks,soaking tub and a separate shower.Upstairs offers a gameroom,3 additional bedrooms an an updated bathroom.ROOF-2017; 14 SEER HVAC w 10 year transferrable warranty-2019. WOW!Home flooded in 2019 only,did not flood during Harvey.
SEE MORE
- 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: Greentree Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greentree Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$821 | |
| Property Insurance | -$202 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$583
|
||
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.
$225,000
PROJECTED PRICE
$2,510
PROJECTED RENT
1.12%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
12.17
YEARS SAVED
$43,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,222
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
5510 Village Springs Drive Kingwood, TX 5
- 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,510
- $0.97
-
5319 Sycamore Creek Drive Kingwood, TX 1
- 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1983
LEASED 01/04/21- Rent
- Rent Per SQFT
- $1,950
- $0.80
-
4217 Brook Shadow Drive Houston, TX 2
- 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1991
LEASED 12/26/20- Rent
- Rent Per SQFT
- $2,300
- $0.83
-
5715 Rocky Brook Drive Houston, TX 3
- 4 beds 4 baths ∙ 2,819 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,819 Sqft ∙ Built 1986
LEASED 12/04/19- Rent
- Rent Per SQFT
- $2,300
- $0.82
-
5622 Lone Cedar Drive Kingwood, TX 4
- 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1984
LEASED 01/28/21- Rent
- Rent Per SQFT
- $2,500
- $0.98
PROPERTY LISTING DETAILS
1.281.389.2798
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 89651838
Last Updated: 03/06/2021
