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

5729 Forest Timbers Drive Humble, TX 77346

3 Beds 2 Baths 1,646 sqft Built 1996

$189,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $114.82
  • 2 Days on Market
  • MLS # : 94902539
  • Updated Date : 03/13/2021 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Honey, Stop The Car!! This terrific home is sure to go fast! Well Maintained, Great Curb Appeal, Good Size Back Yard, very open floor plan, Island Kitchen, Gas Log Fireplace, Close to Park and Pool, VERY Convenient Location! Current pictures coming soon. Pictures shown are not recent and for reference only. Showings beginning Mar 15th!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Kingwood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Kingwood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Oak Forest Elementary School Primary Regular 706 47 6
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Oak Forest Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 47
6
GreatSchools Rating

Timberwood Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 81
7
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$656
Property Tax -$449
Property Insurance -$138
HOA -$37
Property Management Fees -$99
CASH FLOW
$180

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.

$189,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$656

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$12,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,568

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5603$1,7004$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 5729 Forest Timbers Drive Humble, TX 2
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.95
    •  
  • 6126 Spruce Bough Court Humble, TX 1
    • 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 2002
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.89
    •  
  • 6023 Kelly Mill Lane Humble, TX 3
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1997
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 19519 Alinawood Drive Humble, TX 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1979
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 6139 Kristen Park Lane Humble, TX 5
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1999
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sandy Swensen
1.832.233.4821
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94902539
Last Updated: 03/13/2021
BESbswy