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4014 Timber Sapp Drive Conroe, TX 77304

4 Beds 3 Baths 1,709 sqft Built 2021

$237,600

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $139.03
  • 4 Days on Market
  • MLS # : 98365700
  • Updated Date : 03/19/2021 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,709 sqft
  • Baths : 3 full
Listing Agent

Pulte Homes

Listing Agent's Description

Rest easy in the Centex community of The Woods of Conroe, a new home development off Sapp Rd just 3 miles from Lake Conroe and has never flooded! As you step through the front door of the comfortable and versatile Morgan, you will be greeted by a wide open living space highlighted by a large kitchen with island that extends into a dining room and generous family room. This home was designed for growing families and offers 4 bedrooms, 3 full bathrooms, an open-plan family room and kitchen.You will love the incredible features in the kitchen that include granite countertops, and espresso cabinets. The owner's suite is spacious and features an oversized walk-in shower. A wooded oversized backyard. Available for Summer 2021 Move-In!

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
 

$213,840$261,360$237,600

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$825
Property Tax -$462
Property Insurance -$126
HOA -$38
Property Management Fees -$99
CASH FLOW
-$9

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.

$237,600

PROJECTED PRICE

$1,540

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$64,964

INVESTMENT

$64,964

Down Payment
$59,400
Rehab Estimate
$2,000
Closing Costs
$3,564

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$825

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,400
Loan Amount $178,200
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5403$1,6504$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 4014 Timber Sapp Drive Conroe, TX 2
    • 4 beds 3 baths ∙ 1,709 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,709 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.90
    •  
  • 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
    •  
  • 9501 E Woodmark Conroe, TX 4
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2013
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 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 #: 98365700
Last Updated: 03/19/2021
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