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152 Stones Edge Drive Conroe, TX 77356

3 Beds 3 Baths 2,548 sqft Built 1992

$289,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

$82,574

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+3.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.2%
Cash Flow	$792
Value Increase	$10,791

10 YEAR

Cash On Cash	-3.2%
Total Return	7.8%

PROPERTY INFO

SINGLE-FAMILY

February 27, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1992
Price/Sqft : $113.78
4 Days on Market
MLS # : 28116594
Updated Date : 02/26/2021 at 21:04

CONSTRUCTION

Beds : 3
Floor Size : 2,548 sqft
Baths : 2 full , 1 half

Listing Agent

Team Callegari Properties

Listing Agent's Description

An awesome home you must see. This 4 bedroom or 3 + gameroom is ideally situated on the golf course. Home offers formal dining room, breakfast room, large pantry, undermount kitchen sink and will have a new range installed. The lovely fireplace in the family room makes a quaint space for gatherings. Primary bedroom has his and her closets and double sinks in the bath with a luxurious shower. The roof is 4 1/2 years old and 2 new a/c are under 1 year old. The deck is a focal point as you relax overlooking the golf course.

1 of 34 X

MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: April Sound

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

Neighborhood: April Sound

* 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
Stewart Creek Elementary School	Primary	Regular	777	46	7
Oak Hills Junior High School	Middle	Unknown			NA
Lake Creek High School	High	Unknown			NA

Stewart Creek Elementary School

Education Level: Primary
# of students: 777
# of teachers: 46

GreatSchools Rating

Oak Hills Junior High School

Education Level: Middle
# of students:
# of teachers:

GreatSchools Rating

Lake Creek High School

Education Level: High
# of students:
# of teachers:

GreatSchools Rating

FINANCIALS

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$260,910$318,89000$289,900

PURCHASE PRICE

$1,800$2,20000$2,000

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,000
EXPENSES	Loan Payment	-$1,007
	Property Tax	-$581
	Property Insurance	-$174
	HOA	-$73
	Property Management Fees	-$99



CASH FLOW $66

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.

$289,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	3.7%
Maintenance Year (1-5)	8.00%
Vacancy	9.28%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$82,574

Down Payment	$72,475
Rehab Estimate	$5,750
Closing Costs	$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$72,475
Loan Amount	$217,425

See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,000
LIST RENT
$0.78
LIST RENT PER SQFT

$2,013
COMP ESTIMATED VALUE
$0.79
COMP AVG. RENT PER SQFT

Comps Range

$1,850

1$1,8502$1,8753$2,0004$2,1505$2,200

$2,200

RENT COMPS ANALYSIS

2,548
PROPERTY SQFT
$0.79
AVG RENT PER SQFT
$2,013
ESTIMATED VALUE
$2,000
LIST RENT

152 Stones Edge Drive Conroe, TX 2

3 beds 3 baths ∙ 2,548 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 1992
Price

Price Per SQFT

$289,900

$113.78
163 April Waters Drive Montgomery, TX 1

3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1994
SOLD 11/09/20
Price

Price Per SQFT

$224,500

$86.35
102 Clear Springs Drive Conroe, TX 3

3 beds 2 baths ∙ 2,606 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,606 Sqft ∙ Built 2005
SOLD 02/19/21
Price

Price Per SQFT

$294,500

$113.01
104 Lazy Springs Drive Conroe, TX 4

3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006
SOLD 09/09/20
Price

Price Per SQFT

$312,000

$117.74
186 April Wind Drive Montgomery, TX 5

3 beds 3 baths ∙ 2,637 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,637 Sqft ∙ Built 1992
SOLD 12/10/20
Price

Price Per SQFT

$358,000

$135.76

152 Stones Edge Drive Conroe, TX 3

3 beds 3 baths ∙ 2,548 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 1992
Rent

Rent Per SQFT

$2,000

$0.78
116 Clear Springs Drive Montgomery, TX 1

3 beds 3 baths ∙ 2,588 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 1995
LEASED 08/07/20
Rent

Rent Per SQFT

$1,850

$0.71
113 Springs Edge Montgomery, TX 2

4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1975
LEASED 07/01/20
Rent

Rent Per SQFT

$1,875

$0.79
106 April Waters Drive W Drive Conroe, TX 4

4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1993
LEASED 10/01/20
Rent

Rent Per SQFT

$2,150

$0.85
111 Lakeside Drive Conroe, TX 5

3 beds 3 baths ∙ 2,703 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,703 Sqft ∙ Built 1990
LEASED 02/01/21
Rent

Rent Per SQFT

$2,200

$0.81

PROPERTY LISTING DETAILS

Charles Callegari
1.832.768.7653
Team Callegari Properties

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 28116594
Last Updated: 02/26/2021

152 Stones Edge Drive Conroe, TX 77356

$289,900

$2,000

$82,574

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Stewart Creek Elementary School

Oak Hills Junior High School

Lake Creek High School

FINANCIALS

$260,910$318,89000$289,900

$1,800$2,20000$2,000

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$289,900

$2,000

0.69%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,007

3.08

$7,321

$289,900

$113.78

$288,472

$113.22

COMPS RANGE

PRICE COMPS ANALYSIS

$2,000

$0.78

$2,013

$0.79

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS