3127 Glen Spring Drive

Kingwood , TX 77339
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3 bd, 2 ba | 1,740 sqft | Built in 1979

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List Price
$215,000

Initial Investment

$57,906

Purchase Price

$212,500

Down Payment

25%

Rent

$1,725

Total Return

$49,120

Annualized Return

12.3%

Cap Rate

4.5%

Gross Yield

9.7%

Cash Flow

-$2,694

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

08/12/2021

Lease End

11/30/2022

Lot Size

7,560

HOA

$41/mo

Flood Risk

Not Required

  • Near good schools (elementary, middle, high)
  • $25 below market rent
  • Spacious living room, dining room, laundry room and nice kitchen
  • 4 Bed, 2 bath with large bedrooms and master bedroom
  • Large backyard with deck. Two car garage

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Annual Financial Highlights

Expected Rent

$19,665

Expenses

-$5,906

Property Taxes

-$4,900

Loan Payments

-$11,553

Net Cash Flow

-$2,694

See more in Financials

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