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8629 Kinghaven Street Houston, TX 77083

4 Beds 2 Baths 1,480 sqft Built 1984

$157,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $106.08
  • 8 Days on Market
  • MLS # : 64698408
  • Updated Date : 11/01/2020 at 09:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

Lawson Tx Realty

Listing Agent's Description

Beautiful two story home in a gated community. Community included swimming pool and tennis court. House is on the corner. More spaces for car parking on the sides. Fresh interior paint. Very nice and clean, ready for move-in.

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: Beechnut Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Beechnut Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8151677

* 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
Youngblood Intermediate School Primary Regular 1,094 75 6
Albright Middle School Middle Regular 1,267 87 6
Hastings High School High Regular 3,890 260 4

Youngblood Intermediate School

  • Education Level: Primary
  • # of students: 1,094
  • # of teachers: 75
6
GreatSchools Rating

Albright Middle School

  • Education Level: Middle
  • # of students: 1,267
  • # of teachers: 87
6
GreatSchools Rating

Hastings High School

  • Education Level: High
  • # of students: 3,890
  • # of teachers: 260
4
GreatSchools Rating
 

$141,300$172,700$157,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$579
Property Tax -$373
Property Insurance -$127
HOA -$82
Property Management Fees -$99
CASH FLOW
$109

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.

$157,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

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$47,355

INVESTMENT

$47,355

Down Payment
$39,250
Rehab Estimate
$5,750
Closing Costs
$2,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,250
Loan Amount $117,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$10,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,402

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3503$1,3704$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 8629 Kinghaven Street Houston, TX 3
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.93
    •  
  • 8623 Kinghaven Street Houston, TX 1
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1984
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
  • 13841 Purplemartin Street Houston, TX 2
    • 3 beds 3 baths ∙ 1,340 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,340 Sqft ∙ Built 1997
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 9231 Lynchester Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1986
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 8608 Mapletwist Street Houston, TX 5
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1998
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lawrence Lo
1.832.788.8278
Lawson Tx Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 64698408
Last Updated: 11/01/2020
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