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1139 Littleton Court Conroe, TX 77304

4 Beds 2 Baths 1,954 sqft Built 2018

$235,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $120.27
  • 2 Days on Market
  • MLS # : 49118062
  • Updated Date : 11/14/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,954 sqft
  • Baths : 2 full
Listing Agent

Abby Realty

Listing Agent's Description

Great family home with open concept. Island kitchen with breakfast bar seating. Large dining area open to the spacious living room. All wet areas and entry are tiled. All bedrooms have carpet.

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MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77304

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $107k305k

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

Zip Code: 77304

ZipNIR 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
Cryar Intermediate School Primary Regular 606 37 5
Peet Junior High School Middle Regular 1,211 79 6
Conroe High School High Regular 3,480 215 4

Cryar Intermediate School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 37
5
GreatSchools Rating

Peet Junior High School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 79
6
GreatSchools Rating

Conroe High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$867
Property Tax -$531
Property Insurance -$140
HOA -$49
Property Management Fees -$99
CASH FLOW
$114

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.

$235,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.9%
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$700k

PROJECTED ANNUAL CASH FLOW

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,7003$1,7754$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 1139 Littleton Court Conroe, TX 4
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 2009 Lost Pine Court Conroe, TX 1
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2013
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 430 Oak Stream Drive Conroe, TX 2
    • 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 2009
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 2522 Wood Park Boulevard Conroe, TX 3
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2016
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 913 Christi Lynn Lane Conroe, TX 5
    • 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2007
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.93
    •  
PROPERTY LISTING DETAILS
Diane Remick
1.936.499.9725
Abby Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 49118062
Last Updated: 11/14/2020
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