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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $142.13
- 3 Days on Market
- MLS # : 39473246
- Updated Date : 01/08/2021 at 18:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,182 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
This beautiful home in Kingsplace neighborhood boasts numerous upgrades and remodeled finishes. Refinished Wood floors, New A/C System, New Water Lines have been upgraded to PVC pipes, New Garage Doors, New Water Heater, New sliding door and Updated Exterior siding. Home features large Living area w/ sky high ceilings & floor to ceiling windows allowing for an abundance of natural light, spacious Bedrooms with large walk in closets, remodeled Bathrooms and remodeled Kitchen. Entertain guests in the enclosed covered patio while you grill under the separate Shed. Easy Access to town by means of Beltway 8 and I-45. Appointments made easy! Call or email today!
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Kingsplace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingsplace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$584 |
| Property Tax | -$354 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$106
|
||
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.
$168,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 9.4% |
| 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
$50,270
LOAN DETAILS
$584
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $42,000 |
| Loan Amount | $126,000 |
5.67
YEARS SAVED
$10,676
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,238
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
9507 Kingsvalley Street Houston, TX 4
- 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,250
- $1.06
-
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
-
9903 Southport Drive Houston, TX 2
- 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1963
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,250
- $1.15
-
10219 Carthage Drive Houston, TX 3
- 3 beds 1 baths ∙ 1,214 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,214 Sqft ∙ Built 1965
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,250
- $1.03
-
9311 Kingsflower Circle Houston, TX 5
- 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
PROPERTY LISTING DETAILS
1.832.271.7001
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 39473246
Last Updated: 01/08/2021
