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6105 Moody Pines Court Houston, TX 77345

4 Beds 4 Baths 2,846 sqft Built 2012

$325,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $114.20
  • 2 Days on Market
  • MLS # : 62920863
  • Updated Date : 12/12/2020 at 19:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,846 sqft
  • Baths : 3 full , 1 half
Listing Agent

5th Stream Realty

Listing Agent's Description

EXCELLENT MOVE-IN CONDITION 2 STORIES HOME W/HIGH CEILING, STAINLESS STEEL APPLIANCES, 4 BEDROOMS PLUS GAME ROOM, 3 1/2 BATHS, SPRINKLER SYSTEM, LOCATED IN QUIET CUL-DE-SAC. VERY GOOD ELEMENTARY, MIDDLE AND HIGH SCHOOLS.

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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: Kingwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Kingwood

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
Shadow Forest Elementary School Primary Regular 578 34 10
Riverwood Middle School Middle Regular 1,101 60 10
Kingwood High School High Regular 2,610 140 9

Shadow Forest Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 34
10
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,199
Property Tax -$685
Property Insurance -$220
HOA -$42
Property Management Fees -$99
CASH FLOW
$25

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.

$325,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.3%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,248

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2704$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 6105 Moody Pines Court Houston, TX 3
    • 4 beds 4 baths ∙ 2,846 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,846 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.80
    •  
  • 3228 N Woodstream Way Houston, TX 1
    • 4 beds 4 baths ∙ 2,766 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,766 Sqft ∙ Built 1999
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 2621 River Slate Court Houston, TX 2
    • 3 beds 3 baths ∙ 2,742 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,742 Sqft ∙ Built 2015
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 4515 Tall Ridge Court Kingwood, TX 4
    • 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 1992
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
  • 2514 Twisting Pine Court Houston, TX 5
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2007
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
PROPERTY LISTING DETAILS
Yan Jin
1.281.608.1449
5th Stream Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 62920863
Last Updated: 12/12/2020
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