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5731 Woodland Creek Drive Kingwood, TX 77345

4 Beds 3 Baths 2,462 sqft Built 1983

$282,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $114.91
  • 2 Days on Market
  • MLS # : 52058819
  • Updated Date : 11/02/2020 at 17:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,462 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Dimas Team

Listing Agent's Description

Spacious 4 bedroom, 2.5 bathroom, 2-story home featuring a 2-car detached garage and a sparkling pool. The 1st floor offers a formal living, a separate formal dining, a fireplace, a half bathroom and the primary bedroom. The primary bedroom has hardwood floors and a bay window. Upstairs, you'll find the secondary bedrooms and bathroom. There's a large covered patio with ceiling fan in the backyard along with the pool that's perfect for entertaining. This home is located in Sand Creek Village community that has convenient access to retail and shopping. Download Zillow app to access. Search home in app. Click Self Tour to unlock.

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: Sand Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k349k

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

Neighborhood: Sand Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10722553

* 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
Deerwood Elementary School Primary Regular 597 35 9
Riverwood Middle School Middle Regular 1,101 60 10
Kingwood High School High Regular 2,610 140 9

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 35
9
GreatSchools Rating

Riverwood Middle School

  • Education Level: Middle
  • # of students: 1,101
  • # of teachers: 60
10
GreatSchools Rating

Kingwood High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 140
9
GreatSchools Rating
 

$254,610$311,190$282,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,044
Property Tax -$672
Property Insurance -$194
HOA -$36
Property Management Fees -$99
CASH FLOW
$75

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.

$282,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
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$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$80,719

INVESTMENT

$80,719

Down Payment
$70,725
Rehab Estimate
$5,750
Closing Costs
$4,244

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,725
Loan Amount $212,175
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7453$1,7504$1,9005$2,120
$2,120
RENT COMPS ANALYSIS
  • 5731 Woodland Creek Drive Kingwood, TX 5
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.86
    •  
  • 3607 Brook Shadow Drive Houston, TX 1
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 1981
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 5319 Mulberry Grove Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1983
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.72
    •  
  • 5627 Rocky Brook Drive Houston, TX 3
    • 4 beds 2 baths ∙ 2,240 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,240 Sqft ∙ Built 1985
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 3027 Rushing Brook Drive Kingwood, TX 4
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1986
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
PROPERTY LISTING DETAILS
Mark Dimas
1.346.352.1999
Mark Dimas Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52058819
Last Updated: 11/02/2020
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