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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $100.80
- 3 Days on Market
- MLS # : 44127889
- Updated Date : 02/20/2021 at 20:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,656 sqft
- Baths : 2 full
Listing Agent
Re/max 5 Star Realty
Listing Agent's Description
Wonderful home just coming online in the humble area. Conveniently located near FM 1960 and 59. This home has new paint and floors and is priced to move. The home boasts a large living room with additional breakfast area and den, in addition to the three large bedrooms.
SEE MORE
- 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: Kenswick
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kenswick
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$580 |
| Property Tax | -$418 | |
| Property Insurance | -$139 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$143
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$166,925
PROJECTED PRICE
$1,400
PROJECTED RENT
0.84%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$49,985
LOAN DETAILS
$580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $41,731 |
| Loan Amount | $125,194 |
6.17
YEARS SAVED
$11,706
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,399
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
8623 Huntermoor Circle Humble, TX 4
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,400
- $0.85
-
19806 Rustlewood Drive Humble, TX 1
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,280
- $0.82
-
8607 Hickory Branch Lane Humble, TX 2
- 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1981
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,295
- $0.79
-
8515 Sugar Wood Court Humble, TX 3
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1983
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
19906 Bridgedale Lane Humble, TX 5
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1980
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,499
- $0.91
PROPERTY LISTING DETAILS
1.281.839.5584
Re/max 5 Star Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 44127889
Last Updated: 02/20/2021
