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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $97.86
- 7 Days on Market
- MLS # : 18033789
- Updated Date : 01/26/2021 at 17:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,634 sqft
- Baths : 2 full
Listing Agent
Realty Kings Properties
Listing Agent's Description
Look no further! This 3-bedroom, 2-bathroom patio home is excellent for first time home buyers or anyone looking for an amazing deal. The interior offers easy to clean tile floors, fresh paint with neutral colors, and abundant natural light throughout. Expansive living room with cozy fireplace and loft area with lovely built-ins. The well-appointed kitchen features breakfast bar, 30-inch cabinets, and easy access to the dining room. The primary bedroom boasts ensuite bath with double sinks, vanity area, large walk-in closet and sliding glass patio door leading you out and onto the backyard. Two additional bedrooms with walk-in closet and a full bath. The fully fenced backyard provides a perfect area for privacy and family enjoyment. The community offers, parks, clubhouse, basketball courts and more! Don't miss out on this great opportunity to make this home yours. Schedule your tour 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: Keegans Wood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Keegans Wood
* 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 | -$555 |
| Property Tax | -$378 | |
| Property Insurance | -$138 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$188
|
||
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.
$159,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.86%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$48,124
LOAN DETAILS
$555
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $39,975 |
| Loan Amount | $119,925 |
7.67
YEARS SAVED
$15,717
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 -
$0.84
LIST RENT PER SQFT
-
$1,385
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
9306 Stockwell Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,380
- $0.84
-
9622 Homeland Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1982
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,350
- $0.81
-
9231 Lynchester Drive Houston, TX 3
- 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
-
9306 Clipperwood Place Houston, TX 4
- 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1983
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,500
- $0.85
-
9327 Beringwood Drive Houston, TX 5
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,525
- $0.87
PROPERTY LISTING DETAILS
1.713.987.7050
Realty Kings Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 18033789
Last Updated: 01/26/2021
