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9953 Kingfisher Drive Conroe, TX 77385

4 Beds 4 Baths 2,384 sqft Built 2013

$229,700

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $96.35
  • 3 Days on Market
  • MLS # : 36585903
  • Updated Date : 03/19/2021 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,384 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Welcome Home to this adorable 4 Bedroom 3 bath jewel that is ready for its new family. Welcoming and cozy as soon as you walk in the large family room with awesome open concept. The beautiful kitchen overlooks the family room and was remodeled in 2018 with upgraded cabinets with soft close doors/drawers and pull out cabinets. Lovely granite counter tops and gorgeous back splash. Charming sunny breakfast nook and separate large family dining room for those family gatherings. One Bedroom down with en-suite bathroom that was recently upgraded and shower addition. Three bedroom upstairs with Game Room. In the backyard you will find a full patio with Hot Tub and NO neighbors behind for lots of privacy. Fantastic location with easy access to I45, The Woodlands amenities and an HEB just around the corner. This one will not last long!

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: Gleneagles

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $86k305k

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

Neighborhood: Gleneagles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7712063

* 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
Oak Ridge Elementary School Primary Regular 563 33 6
Gerald D Irons Jr High School Middle Unknown 1,102 70 NA
Oak Ridge High School High Regular 3,637 202 8

Oak Ridge Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 33
6
GreatSchools Rating

Gerald D Irons Jr High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 70
NA
GreatSchools Rating

Oak Ridge High School

  • Education Level: High
  • # of students: 3,637
  • # of teachers: 202
8
GreatSchools Rating
 

$206,730$252,670$229,700

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$798
Property Tax -$552
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
$86

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.

$229,700

PROJECTED PRICE

$1,700

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,621

INVESTMENT

$66,621

Down Payment
$57,425
Rehab Estimate
$5,750
Closing Costs
$3,446

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$798

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,425
Loan Amount $172,275
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7504$1,7855$1,800
$1,800
RENT COMPS ANALYSIS
  • 9953 Kingfisher Drive Conroe, TX 1
    • 4 beds 4 baths ∙ 2,384 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,384 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 9804 Expedition Trail Conroe, TX 2
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2009
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 9820 Hyacinth Way Conroe, TX 3
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2008
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 9805 Hyacinth Way Conroe, TX 4
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.77
    •  
  • 9989 Knob Hollow Way Conroe, TX 5
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2013
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
PROPERTY LISTING DETAILS
Cherie Robinson
1.832.334.7040
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 36585903
Last Updated: 03/19/2021
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