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14288 Aspen Valley Drive Conroe, TX 77384

4 Beds 3 Baths 2,621 sqft Built 2021

$365,940

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $139.62
  • 7 Days on Market
  • MLS # : 67259426
  • Updated Date : 02/23/2021 at 13:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,621 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

PEACEFUL Country setting and located in the SOUGHT AFTER WOODLANDS schools. Just minutes from all The Woodlands has to offer - Market Street, Waterway, The Woodlands Mall, Hughes Landing, & quick access to I-45. Located on NEARLY 1/4 ACRE lot, this 4 bed, 3 bath home w/ 3-CAR GARAGE features LUXURY upgrades and energy features -- GRANITE ISLAND kitchen, sleek 42" white cabinets, s/s appliances, and vinyl plank wood throughout. Kitchen & breakfast open to family room, Tankless Water Heater, full sprinkler system, and many more features. Primary bedroom w/ dual vanities and separate tub & shower, spacious guest rooms, & covered back patio. Community features great fun all year round --CLUBHOUSE, Pool, & playground. MAKE THE MOVE!!!

SEE MORE

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: 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
 

$329,346$402,534$365,940

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,271
Property Tax -$711
Property Insurance -$178
HOA -$71
Property Management Fees -$99
CASH FLOW
$0

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$365,940

PROJECTED PRICE

$2,330

PROJECTED RENT

0.64%

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) 3.00%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,974

INVESTMENT

$98,974

Down Payment
$91,485
Rehab Estimate
$2,000
Closing Costs
$5,489

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,271

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,485
Loan Amount $274,455
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,313

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3304$2,4005$2,499
$2,499
RENT COMPS ANALYSIS
  • 14288 Aspen Valley Drive Conroe, TX 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.89
    •  
  • 275 Capriccio Lane Montgomery, TX 1
    • 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 14242 Rainier Peak Crossing Conroe, TX 2
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 14141 Isle Royal Lane Conroe, TX 4
    • 4 beds 4 baths ∙ 2,718 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,718 Sqft ∙ Built 2016
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 14121 N Crater Lake Court Conroe, TX 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2016
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jeremy Larkin
1.281.339.1800
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 67259426
Last Updated: 02/23/2021
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