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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77301
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
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
-
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
1.281.907.2060
Top Guns Realty On Lake Conroe
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 90522887
Last Updated: 03/06/2021
