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168 Camelot Place Court Conroe, TX 77304

3 Beds 2 Baths 1,355 sqft Built 2019

$199,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $147.53
  • 3 Days on Market
  • MLS # : 52104271
  • Updated Date : 03/26/2021 at 12:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,355 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advtge Realty

Listing Agent's Description

LOCATION, LOCATION and, one more time, LOCATION! This 3/2/2 is on a cul-de-sac in the heart of Conroe and offers surprising living space given the square footage. Large bedrooms are laid out in such a manner that each has it's privacy yet the living area is conveniently situated to all. Whether as your first home or you're finally "right sizing" to a one-story, this is a very livable and comfortable space w/modern fixtures/finishes. Two-car attached garage out front and fenced backyard out back add the finishing touches to provide everything you might want while at a size that's easy to maintain. Location offers convenient access to everything in Conroe, but you're also only minutes from all the shopping, dining and world-class medical facility amenities of The Woodlands. You're actually quicker to The Woodlands Mall than those living in the back of The Woodlands, You won't find this type of value there even though you're in the same exemplary Conroe Independent School District.

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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

Neighborhood: Parkwest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $99k290k

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

Neighborhood: Parkwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8241677

* 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
Giesinger Elementary School Primary Regular 509 32 7
Peet Junior High School Middle Regular 1,211 79 6
Conroe High School High Regular 3,480 215 4

Giesinger Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 32
7
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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$694
Property Tax -$388
Property Insurance -$105
HOA -$50
Property Management Fees -$99
CASH FLOW
$123

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.

$199,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$11,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4603$1,4704$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 168 Camelot Place Court Conroe, TX 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.08
    •  
  • 205 Maple Lane Conroe, TX 1
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2004
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 2019 Lost Pine Court Conroe, TX 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2011
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.09
    •  
  • 225 Maple Lane Conroe, TX 4
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2004
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 209 Summer Pine Court Conroe, TX 5
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2008
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
PROPERTY LISTING DETAILS
Bruce Sellers
1.936.525.3220
Keller Williams Advtge Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52104271
Last Updated: 03/26/2021
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