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14016 Lake Crescent Drive Conroe, TX 77384

3 Beds 2 Baths 1,685 sqft Built 2017

$269,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $160.18
  • 14 Days on Market
  • MLS # : 35633301
  • Updated Date : 07/13/2021 at 12:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Champions Real Estate Group

Listing Agent's Description

LIKE NEW! 3 BEDROOMS 2 BATH 2 CAR GARAGE. This wonderful home has a large kitchen island with stainless sink and dishwasher. Bring your bar stools enjoy the open floor plan ,watch the new Flat screen TV that Stays. Easy conversation with everyone while the family chef Prepares your favorite dish on the Stainless Steel Gas stove. Also, included is a like new, side by Side Stainless refrigerator. Ready for this? The washer and Dryer too! Large Master bath with double vanity, garden tub and separate Shower. Professional landscaping front and Back, fenced back yard. Sprinkler System. Extended Covered Patio! Area Pool and facilities, walking trails ,So many Amenities close by! zoned to the Woodlands High School!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77384

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $107k378k

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

Zip Code: 77384

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000210022002300Rent in $8932308

* 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
Bush Elementary School Primary Regular 698 42 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Bush Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$937
Property Tax -$525
Property Insurance -$124
HOA -$71
Property Management Fees -$99
CASH FLOW
$3

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.

$269,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7603$1,8004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 14016 Lake Crescent Drive Conroe, TX 2
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.04
    •  
  • 14063 Lake Crescent Drive Conroe, TX 1
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2018
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 14233 Rainier Peak Crossing Conroe, TX 3
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2018
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 14011 Grape Island Court Conroe, TX 4
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2018
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 14094 Lake Crescent Drive Conroe, TX 5
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2018
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
PROPERTY LISTING DETAILS
Darla Caldwell
1.281.460.4175
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 35633301
Last Updated: 07/13/2021
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