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16437 Ryan Guinn Way Conroe, TX 77303

4 Beds 2 Baths 1,611 sqft Built 2006

$187,786

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $116.56
  • 2 Days on Market
  • MLS # : 28086282
  • Updated Date : 02/06/2021 at 12:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,611 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

Very Nice One Story, 4 bedroom home waiting for you to make your own. Living Room is open to the Kitchen great for entertaining. Attached Garage, All Appliances stay with the purchase of the home. Have your agent schedule your tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 77303

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k237k

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

Zip Code: 77303

ZipNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6861677

* 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
Austin Elementary School Primary Regular 873 58 4
Moorhead Junior High School Middle Regular 1,085 77 6
Caney Creek High School High Regular 1,822 120 4

Austin Elementary School

  • Education Level: Primary
  • # of students: 873
  • # of teachers: 58
4
GreatSchools Rating

Moorhead Junior High School

  • Education Level: Middle
  • # of students: 1,085
  • # of teachers: 77
6
GreatSchools Rating

Caney Creek High School

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 120
4
GreatSchools Rating
 

$169,007$206,565$187,786

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$652
Property Tax -$365
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$214

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.

$187,786

PROJECTED PRICE

$1,450

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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$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$55,513

INVESTMENT

$55,513

Down Payment
$46,947
Rehab Estimate
$5,750
Closing Costs
$2,817

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$652

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,947
Loan Amount $140,840
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$20,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,172

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,1504$1,2005$1,450
$1,450
RENT COMPS ANALYSIS
  • 16437 Ryan Guinn Way Conroe, TX 5
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 16479 Pisces Road Conroe, TX 1
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2002
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.76
    •  
  • 16504 Brittany Way Conroe, TX 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1999
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.73
    •  
  • 150 Pegasus Court Conroe, TX 3
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 2001
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.73
    •  
  • 146 Carmen Boulevard Conroe, TX 4
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 2002
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.69
    •  
PROPERTY LISTING DETAILS
Desiree Harrod
1.903.390.7875
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 28086282
Last Updated: 02/06/2021
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