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5914 Hatfield Glen Drive Katy, TX 77449

3 Beds 2 Baths 1,452 sqft Built 2003

$180,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $123.97
  • 3 Days on Market
  • MLS # : 65896916
  • Updated Date : 11/06/2020 at 16:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Value Roc

Listing Agent's Description

Step inside this beautiful well-maintained home featuring an open floor plan, split room layout, recess lighting, a beautiful cozy kitchen that offers a breakfast bar, large master bedroom featuring Jacuzzi tub w/ separate shower, insulated garage w/ SVS (Smart Ventilation System), new/upgraded full backyard fence, a new renovated backyard walkway that leads into the back sidewalk/corridor for easy access to a neighborhood playground, all appliances included and much more! Come take a look at this Warm Welcoming Home for yourself!

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: Brenwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k301k

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

Neighborhood: Brenwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8051867

* 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
Sheridan Elementary School Primary Regular 1,023 57 7
Watkins Middle School Middle Regular 1,305 78 5
Cypress Lakes High School High Regular 3,599 210 5

Sheridan Elementary School

  • Education Level: Primary
  • # of students: 1,023
  • # of teachers: 57
7
GreatSchools Rating

Watkins Middle School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 78
5
GreatSchools Rating

Cypress Lakes High School

  • Education Level: High
  • # of students: 3,599
  • # of teachers: 210
5
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$664
Property Tax -$434
Property Insurance -$125
HOA -$39
Property Management Fees -$99
CASH FLOW
$78

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.

$180,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$7,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4254$1,4255$1,440
$1,440
RENT COMPS ANALYSIS
  • 5914 Hatfield Glen Drive Katy, TX 5
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.99
    •  
  • 5806 Hatfield Glen Drive Katy, TX 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2005
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 18542 S Wimbledon Drive Katy, TX 2
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 2003
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 6015 Bradworthy Drive Katy, TX 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2003
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.05
    •  
  • 18446 S Wimbledon Drive Katy, TX 4
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeanette Lopez
1.713.344.5481
Value Roc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65896916
Last Updated: 11/06/2020
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