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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $152.20
- 2 Days on Market
- MLS # : 60420918
- Updated Date : 12/12/2020 at 22:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,182 sqft
- Baths : 2 full
Listing Agent
Re/max 5 Star Realty
Listing Agent's Description
Looking for the home with the big backyard with the pool for the entertaining of family and friends? Look no more, here it is. Recent upgrades to painting interior and exterior, siding, carpet, windows and more. Sits on a cul de sac and street with minimal traffic. Enjoy your evenings by the fireplace and your summers in the pool. Great location to get you to down town or to Galveston. Don't wait, book your showing today!
SEE MORE
- 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: Kirkmont
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kirkmont
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$428 | |
| Property Insurance | -$107 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$68
|
||
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.
$179,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
4.17
YEARS SAVED
$7,958
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,232
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
8811 Kirkmont Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,380
- $1.17
-
8803 Kirkmont Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1982
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,200
- $1.02
-
9311 Kingsflower Circle Houston, TX 2
- 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1984
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,350
- $0.99
-
10406 Kirkwren Drive Houston, TX 4
- 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1977
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,399
- $1.08
-
10311 Kirkwren Drive Houston, TX 5
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1977
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.08
PROPERTY LISTING DETAILS
1.281.253.7712
Re/max 5 Star Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 60420918
Last Updated: 12/12/2020
