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10213 Jewel Court Conroe, TX 77385

3 Beds 2 Baths 1,444 sqft Built 2012

$195,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 25, 2020 RECENTLY ADDED
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

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: Chateau Woods Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k305k

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

Neighborhood: Chateau Woods Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8932063

* 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
Vogel Intermediate School Primary Regular 1,072 61 6
Vogel Intermediate School Middle Regular 1,072 61 6
Oak Ridge High School High Regular 3,637 202 8

Vogel Intermediate School

  • Education Level: Primary
  • # of students: 1,072
  • # of teachers: 61
6
GreatSchools Rating

Vogel Intermediate School

  • Education Level: Middle
  • # of students: 1,072
  • # of teachers: 61
6
GreatSchools Rating

Oak Ridge High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

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
$1,449
1$1,4492$1,4503$1,5804$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 10213 Jewel Court Conroe, TX 3
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.09
    •  
  • 10288 Stone Gate Drive Conroe, TX 1
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2012
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.06
    •  
  • 10233 Stone Gate Drive Conroe, TX 2
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2012
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 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
Luke Volz
1.936.235.1043
Realty One Group, Experience
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 10229774
Last Updated: 11/24/2020
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