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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $129.62
- 4 Days on Market
- MLS # : 72127299
- Updated Date : 07/12/2021 at 11:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,218 sqft
- Baths : 2 full , 1 half
Listing Agent
Zarco Properties, Llc
Listing Agent's Description
Beautiful and well maintained 4 bed 2.5 bath home on a huge corner lot in the Golf Course community of Panorama Village. No flooding, No broken pipes, No HOA fees, No MUD taxes. This community has so much to offer, their own golf course, community pool, parks, police force, and town hall! Fantastic location being only 10 minutes from Lake Conroe, 20 Minutes to the Woodlands and just minutes to 45. The property includes a second lot that is cleared and fence as the backyard making the total size of the property .38 ac and one of the largest properties in the neighborhood. Also included are 2 parking areas 1 one each side of the house with an additional space behind the gate for your toys! The AC & Furnace were replaced in 2014, roof 2016, water heater 2018, double pane windows throughout the home and so much more. Schedule your private tour today.
SEE MORE
- 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: Panorama Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panorama Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$999 |
| Property Tax | -$559 | |
| Property Insurance | -$155 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$39
|
||
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.
$287,500
PROJECTED PRICE
$1,850
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,938
LOAN DETAILS
$999
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,875 |
| Loan Amount | $215,625 |
3.08
YEARS SAVED
$7,018
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,808
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
64 El Dorado Street Conroe, TX 5
- 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
248 Point Clear Drive Conroe, TX 1
- 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1974
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,525
- $0.80
-
2225 Highland Hills Drive Conroe, TX 2
- 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2002
LEASED 01/11/21- Rent
- Rent Per SQFT
- $1,595
- $0.81
-
331 Rolling Hills Drive Conroe, TX 3
- 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 1976
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,600
- $0.80
-
109 Hiwon Drive Conroe, TX 4
- 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 1983
LEASED 03/11/21- Rent
- Rent Per SQFT
- $1,785
- $0.85
PROPERTY LISTING DETAILS
1.936.681.0111
Zarco Properties, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 72127299
Last Updated: 07/12/2021
