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5626 Maple Square Drive Kingwood, TX 77339

4 Beds 3 Baths 2,679 sqft Built 1988

$264,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $98.88
  • 7 Days on Market
  • MLS # : 3318915
  • Updated Date : 01/30/2021 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,679 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

STRIKING, VERY WELL MAINTAINED PERRY HOME, MOVE IN READY*ENTER THROUGH DRAMATIC TWO STORY ENTRY, FLANKED BY THE FORMAL DINING ON ONE SIDE AND HUGE LIVING/STUDY ON THE OTHER*THIS HOME IS UNIKELY DIFFERENT BECAUSE THERE WAS A 20X20 FT BAR/ENTERTAINMENT RM ADDED TO THE BACK*EXTERIOR PAINT, 2017*ALL WINDOWS REPLACED IN 2017 W/ENERGY EFFICIENT*WATER HEATER, 2017*HVAC SYSTEM REPLACED IN 2017*ALL FLOORING REPLACED IN 2013*ATTIC INSULATION ADDED IN 2011*ALL NEW PAINT UPSTAIRS,2021*FRESH LANDSCAPE AND POWERWASH-NO BACK YARD NEIGHBORS!*GAS RANGE IN THE KITCHEN W/A PICTURE WINDOW*GARAGE OPENER W/SMART APP&2 REMOTES*2 SETS OF FRENCH DOORS, ONE ON THE STUDY AND ONE ON THE ADDED ROOM*ALL BEDROOMS UP, PERFECT*SO MUCH VALUE FOR THE MONEY!***TREADMILL AND LARGE MOUNTED TV TO CONVEY*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$920
Property Tax -$629
Property Insurance -$208
HOA -$41
Property Management Fees -$99
CASH FLOW
$33

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.

$264,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.73%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8253$1,9304$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 5626 Maple Square Drive Kingwood, TX 3
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.72
    •  
  • 3203 Leafy Pine Court Houston, TX 1
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1992
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 5323 Wild Blackberry Drive Kingwood, TX 2
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1992
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.68
    •  
  • 5211 High Glen Court Houston, TX 4
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1993
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 3414 Appalachian Trail Houston, TX 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1991
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.74
    •  
PROPERTY LISTING DETAILS
Leigh Marcus
1.832.527.0004
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 #: 3318915
Last Updated: 01/30/2021
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