Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1060 Windy Grove Lane Conroe, TX 77301

3 Beds 2 Baths 1,428 sqft Built 2006

$200,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $140.06
  • 2 Days on Market
  • MLS # : 90522887
  • Updated Date : 03/06/2021 at 15:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Top Guns Realty On Lake Conroe

Listing Agent's Description

Great Spacious 3/2/2. Nice Kitchen with Gas Stove and room for Eat-In Breakfast Area, and Pantry. Formal Dining area is open to Living Room. Living Room with Gas Fireplace. Home is on Large Corner Lot. Master Bath features His & Hers Sinks, Garden Tub, Separate Shower and Walk-In Closet. Large Hall Linen Closet. Fenced Back Yard and Patio. Tile and Carpet throughout. Subdivision is conveniently located off North Loop 336 East.

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

Zip Code: 77301

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $69k237k

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

Zip Code: 77301

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6841677

* 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
Anderson Elementary School Primary Regular 673 44 9
Washington Junior High School Middle Regular 735 57 6
Conroe High School High Regular 3,480 215 4

Anderson Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 44
9
GreatSchools Rating

Washington Junior High School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 57
6
GreatSchools Rating

Conroe High School

  • Education Level: High
  • # of students: 3,480
  • # of teachers: 215
4
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$695
Property Tax -$389
Property Insurance -$110
HOA -$25
Property Management Fees -$99
CASH FLOW
$23

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$200,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$5,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3953$1,5504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 1060 Windy Grove Lane Conroe, TX 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.94
    •  
  • 239 Hartford Drive Conroe, TX 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1995
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 1040 Shadow Glenn Drive Conroe, TX 3
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2015
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 10 Briar Grove Court Conroe, TX 4
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2007
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 998 Arbor Glen Conroe, TX 5
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2015
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Julie Berry
1.281.907.2060
Top Guns Realty On Lake Conroe
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 90522887
Last Updated: 03/06/2021
BESbswy