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9507 Kingsvalley Street Houston, TX 77075

3 Beds 2 Baths 1,182 sqft Built 1981

$168,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $69k222k

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

Neighborhood: Kingsplace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8491677

* 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
Atkinson Elementary School Primary Regular 600 41 6
Beverly Hills Intermediate School Middle Regular 1,020 64 6
J Frank Dobie High School High Regular 4,010 223 5

Atkinson Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 41
6
GreatSchools Rating

Beverly Hills Intermediate School

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 64
6
GreatSchools Rating

J Frank Dobie High School

  • Education Level: High
  • # of students: 4,010
  • # of teachers: 223
5
GreatSchools Rating
 

$151,200$184,800$168,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,270

INVESTMENT

$50,270

Down Payment
$42,000
Rehab Estimate
$5,750
Closing Costs
$2,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$584

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,000
Loan Amount $126,000
See What Happens When You Reinvest Cash Flow

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
$1,200
1$1,2002$1,2503$1,2504$1,2505$1,350
$1,350
RENT COMPS ANALYSIS
  • 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
Bruce Ham
1.832.271.7001
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 39473246
Last Updated: 01/08/2021
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