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9722 Kingsville Park Drive Houston, TX 77083

5 Beds 3 Baths 2,264 sqft Built 2001

$190,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $83.92
  • 4 Days on Market
  • MLS # : 77465289
  • Updated Date : 03/19/2021 at 14:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,264 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realm Real Estate Professional

Listing Agent's Description

This property needs a little TLC, it's a great investment property. the seller still staying in the house

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kingsville Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Kingsville Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8891677

* 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
Hicks Elementary School Primary Regular 890 66 3
Albright Middle School Middle Regular 1,267 87 6
Hastings High School High Regular 3,890 260 4

Hicks Elementary School

  • Education Level: Primary
  • # of students: 890
  • # of teachers: 66
3
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
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$660
Property Tax -$449
Property Insurance -$180
HOA -$38
Property Management Fees -$99
CASH FLOW
$235

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.

$190,000

PROJECTED PRICE

$1,660

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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$19,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,732

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6604$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 9722 Kingsville Park Drive Houston, TX 3
    • 5 beds 3 baths ∙ 2,264 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,264 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.73
    •  
  • 8618 Bolington Drive Houston, TX 1
    • 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 1982
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 8603 Pottinger Drive Houston, TX 2
    • 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 1982
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 13906 Maleewan Lane Sugar Land, TX 4
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 13842 Bonnetbriar Lane Sugar Land, TX 5
    • 5 beds 3 baths ∙ 2,355 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,355 Sqft ∙ Built 2006
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
PROPERTY LISTING DETAILS
Babatunde Lawal
1.281.690.5900
Realm Real Estate Professional
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77465289
Last Updated: 03/19/2021
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