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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $135.04
- 6 Days on Market
- MLS # : 10229774
- Updated Date : 11/24/2020 at 21:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Experience
Listing Agent's Description
This gorgeous 3 bedroom 2 bathroom home is now available in the highly sought after neighborhood of Chateau Woods. Upon entering the home you will notice the modern and open floor plan that is lined with many upgrades and features. Some of the home's features include fresh neutral paint, hard flooring in all the main living areas, granite counter tops in the kitchen, custom cabinetry, oversized bedrooms, large closets and so much more! Looking for a great primary bedroom? Then look no further! The primary bedroom is massive and attached to a ensuite sure to impress with it's soaking tub, walk in shower and large walk in closet. Like to be outside? Then be sure to check out the back lawn with it's covered patio making it the perfect place to enjoy a summer BBQ, a good book or enjoy your morning coffee. This home is priced to sell and will not last long so call today for more information and a private showing.
SEE MORE
- 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: Chateau Woods Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chateau Woods Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$379 | |
| Property Insurance | -$111 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$249
|
||
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.
$195,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
8.42
YEARS SAVED
$25,167
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,578
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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10288 Stone Gate Drive Conroe, TX 1
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LEASED 12/06/19- Rent
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- $1,449
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LEASED 03/14/20- Rent
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- $1,450
- $1.06
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10221 Tate Court Conroe, TX 4
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2011
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,595
- $1.10
-
10220 Jewel Court Conroe, TX 5
- 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2012
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,595
- $1.15
PROPERTY LISTING DETAILS
1.936.235.1043
Realty One Group, Experience
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 10229774
Last Updated: 11/24/2020
