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4323 S Amber Ruse Court Conroe, TX 77304

4 Beds 3 Baths 1,728 sqft Built 2019

$250,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $144.68
  • 3 Days on Market
  • MLS # : 61201539
  • Updated Date : 03/26/2021 at 19:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,728 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Better than new home with open floorplan and so many upgrades! This 4 bedroom, 3 bath home features vinyl plank flooring in all common areas, wet areas and 4th bedroom. Need space to park your truck? No problem, this extra large driveway will accommodate both of them! The lush green lawn boasts updated garden rocks, double gates to the backyard, all learning and dead excess trees have been removed, hose hangers and extra drainage installed to drain water away from the home! Other upgrades include, crown molding, tray ceilings, ceiling fans and oversized primary shower. This Smart Home is move-in ready in one of the Conroe area's most central locations!

SEE MORE

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

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$868
Property Tax -$536
Property Insurance -$127
HOA -$38
Property Management Fees -$99
CASH FLOW
$152

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.

$250,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.73%

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) 8.00%
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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$12,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7504$1,8205$1,945
$1,945
RENT COMPS ANALYSIS
  • 4323 S Amber Ruse Court Conroe, TX 4
    • 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.05
    •  
  • 11502 W Woodmark Conroe, TX 1
    • 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
    •  
  • 4217 Amber Ruse Drive Conroe, TX 2
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2019
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 9501 E Woodmark Conroe, TX 3
    • 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
    •  
  • 2305 N Amber Ruse Court Conroe, TX 5
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2019
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.04
    •  
PROPERTY LISTING DETAILS
Lisa Smith
1.979.412.0443
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 61201539
Last Updated: 03/26/2021
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