The project 2815 Woodland Grove Dr, Kingwood, TX 77339 by Realt

Review of the project 2815 Woodland Grove Dr, Kingwood, TX 77339 by Realt

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 7

Criteria	Points
mortgage coverage	∅
optimistic scenario margin	∅
pre-commercialization	∅
track record	🟩🟩
location	🟩
in the vicinity	🟩
yield	🟥
LTA	🟩
LTS	🟩
operator commitment	∅
sales price	🟩
permanent loss	∅
late projects	∅
price trend	∅
urban planning risk	🟩
debt to equity	∅
debt to asset	∅

This review is proposed by Grégory Vaur on 24/10/2024

⏰ The project starts on 25/10/2024 17h00
💰 The estimated rate of return is 6.97% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 50$

🤖 Review's summary

Project Analysis - 2815 Woodland Grove Dr, Kingwood, TX 77339

Project Analysis of 2815 Woodland Grove Dr, Kingwood, TX 77339

Project Overview

Property located at 2815 Woodland Grove Dr, Kingwood, TX 77339, analyzed by Grégory Vaur, with the project scheduled for October 25, 2024, at 17:00:00.

Key Points

Type of Project: Rental Investment
Total Investment: $341,768 USD
Projected Return: 6.97%
Rent Start Date: February 1, 2025
Property Condition: Very Good
Risk Factors: High Climate Risk, Above Average Crime Rate

Property Description

It involves the purchase of a house around 188 m² with 4 bedrooms, 2.5 bathrooms, air conditioning, a large backyard, and a garage.

Location

Kingwood, Texas, is a city of approximately 64,000 residents located about 40 km from downtown Houston.

Analysis Summary

Rental Yield: 6.97% - Low compared to the average yield at Realt (9.46%)
Property History: Class B house built in 1977
Current Rental Occupancy: Full
Tenant Quality: Not receiving social assistance
Purchase Price: $295,000, Acquisition Price/sqft: $145.6
Rental Rate: $3050/month - Above Zillow estimate of $2380
Nearby Amenities: Primary school, restaurants, shops (Aldi, Walmart)
Repair Budget: 2% of acquisition price
Risk Factors: High climate risk (8/10 for heat, 9/10 for strong winds and storms)
Property State: Well-maintained neighborhood, property in very good interior and exterior condition
Crime Rate: Higher than Texas average
Potential for Room Rental: Allows for co-living, increasing profitability
Vacancy Risk: Possible if current tenant leaves

My Thoughts

This project at 2815 Woodland Grove Dr presents a promising investment opportunity despite the higher risks associated with climate and crime. With a solid rental income above market estimates and potential for room rental, there is room for increased profitability. The property's good condition and location near essential amenities are positive factors. While challenges exist, strategic management and adaptation can mitigate risks and enhance returns. Overall, this project offers an exciting venture for investors looking to diversify their portfolios in the real estate market!

Historial rates of return Realt

Investor votes results for the project: 2815 Woodland Grove Dr, Kingwood, TX 77339

38 voters
👎50% 👍26% 🤷3% 🏳️21%
To vote :

Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...