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6714 Knoll Park Drive Sugar Land, TX 77479

3 Beds 3 Baths 2,156 sqft Built 1993

$259,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $120.55
  • 4 Days on Market
  • MLS # : 25578282
  • Updated Date : 02/04/2021 at 10:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,156 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

WELCOME HOME to this charming, 3 bedroom, 2 and 1/2 bath home that features tons of natural light and beautiful neutral tones that it is right across from the neighborhood park and walking distance to highly rated Dickinson elementary. A. The large primary owner suite features a cozy fireplace. A perfect outdoor space features a garden and fruit trees, with plenty of room for a pool, and/or playground. Plus, Greatwood offers wonderful amenities - great pools, parks, lakes and trails! Quick access to 59 and Grand Parkway.

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: Greatwood Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Greatwood Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Dickinson Elementary School Primary Regular 560 30 10
Reading Junior High School Middle Regular 1,163 58 10
George Ranch High School High Regular 2,215 112 8

Dickinson Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 30
10
GreatSchools Rating

Reading Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 58
10
GreatSchools Rating

George Ranch High School

  • Education Level: High
  • # of students: 2,215
  • # of teachers: 112
8
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$903
Property Tax -$522
Property Insurance -$152
HOA -$74
Property Management Fees -$99
CASH FLOW
$41

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.

$259,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,8504$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 6714 Knoll Park Drive Sugar Land, TX 1
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.83
    •  
  • 6703 High Knoll Drive Sugar Land, TX 2
    • 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 1992
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 807 Bent Knoll Court Sugar Land, TX 3
    • 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 1993
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 6622 High Knoll Drive Sugar Land, TX 4
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1992
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 6614 Knoll Park Drive Sugar Land, TX 5
    • 4 beds 2 baths ∙ 2,353 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,353 Sqft ∙ Built 1993
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
PROPERTY LISTING DETAILS
Steven Kinne
1.281.610.3625
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 25578282
Last Updated: 02/04/2021
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