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4009 Timber Sapp Drive Conroe, TX 77304

3 Beds 2 Baths 1,905 sqft Built 2021

$242,280

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $127.18
  • 4 Days on Market
  • MLS # : 44803838
  • Updated Date : 03/19/2021 at 14:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full
Listing Agent

Pulte Homes

Listing Agent's Description

Located just 4 minutes from Lake Conroe, The Woods of Conroe is a new home development nestled in a tree-lined community off Sapp Rd and has never flooded! Come explore this 3 bed, 2 bath with Study home with an open floor plan family room & kitchen. When you walk in, you will notice the 9 ft ceilings and a study directly off the entrance, making for a perfect office. The cook's kitchen has upgraded countertops, rich espresso cabinetry and stainless steel appliances along with a gas cooktop and a vented microwave. The covered back patio is great for dining al fresco and enjoying the beautiful outdoors wooded homesite. Homeowner's can relax in their generous Owner's Retreat and owner's bath that has a 5 ft. walk-in shower. Estimated move in is summer 2021.

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: 77304

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $107k305k

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

Zip Code: 77304

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8932063

* 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
Peet Junior High School Middle Regular 1,211 79 6
Conroe High School High Regular 3,480 215 4
Peet Junior High School Middle Unknown NA

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

Peet Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$218,052$266,508$242,280

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$842
Property Tax -$471
Property Insurance -$137
HOA -$38
Property Management Fees -$99
CASH FLOW
$44

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.

$242,280

PROJECTED PRICE

$1,630

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.9%
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

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,204

INVESTMENT

$66,204

Down Payment
$60,570
Rehab Estimate
$2,000
Closing Costs
$3,634

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$842

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,570
Loan Amount $181,710
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6303$1,6504$1,7005$1,775
$1,775
RENT COMPS ANALYSIS
  • 4009 Timber Sapp Drive Conroe, TX 2
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.86
    •  
  • 12079 La Salle Oaks Conroe, TX 1
    • 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 2006
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 11502 W Woodmark Conroe, TX 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2015
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 2023 Lost Timbers Drive Conroe, TX 4
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2017
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 2115 Lost Timbers Drive Conroe, TX 5
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2018
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.90
    •  
PROPERTY LISTING DETAILS
Lee Jones
1.281.529.9145
Pulte Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 44803838
Last Updated: 03/19/2021
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