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6114 Kingwood Glen Drive Humble, TX 77346

4 Beds 3 Baths 2,208 sqft Built 2001

$210,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $95.11
  • 2 Days on Market
  • MLS # : 18053495
  • Updated Date : 11/14/2020 at 08:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,208 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abby Realty

Listing Agent's Description

Welcome to your new home nestled in between mature landscaping. NEUTRAL decor is awaiting for your personal touch! LARGE windows throughout the home bring in tons of natural light. Tile and laminate wood floors in main living areas down and brand new carpet throughout bedrooms and upstairs game room. Plenty of room for your family and guests. Spacious backyard and large extended patio make it the perfect place to entertain. If you are looking for a home to personalize and make your own, don't look any further. Located near Lake Houston, residents of Kingwood Glen, have access to 2 parks, 1 pool, 3 miles of walking trails, shopping, health clubs, churches and great neighbors! Within minutes 15 minutes to IAH and easy access to 59. Never flooded! Schedule a private tour today!

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: 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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$775
Property Tax -$499
Property Insurance -$176
HOA -$43
Property Management Fees -$99
CASH FLOW
$178

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.

$210,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.84%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$14,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,844

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,8004$1,9105$1,920
$1,920
RENT COMPS ANALYSIS
  • 6114 Kingwood Glen Drive Humble, TX 2
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.80
    •  
  • 5819 Forest Timbers Drive Humble, TX 1
    • 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 1997
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 19307 Oak Station Drive Humble, TX 3
    • 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1997
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 18947 Barry Lane Humble, TX 4
    • 4 beds 2 baths ∙ 2,301 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,301 Sqft ∙ Built 1992
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.83
    •  
  • 5822 Timber Oaks Ridge Humble, TX 5
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1996
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.91
    •  
PROPERTY LISTING DETAILS
Adriane Taylor
1.281.507.9844
Abby Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 18053495
Last Updated: 11/14/2020
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