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7536 Tyler Run Boulevard Conroe, TX 77304

4 Beds 4 Baths 2,415 sqft Built 2020

$306,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $127.08
  • 5 Days on Market
  • MLS # : 94789351
  • Updated Date : 01/06/2021 at 09:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,415 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Marquette features 4 bedrooms, 3.5 baths, and a stunning family room with soaring ceilings. This home includes many upgrades, including stainless steel kitchen appliances, granite countertops, 42-inch upper kitchen cabinets, and blinds in all windows. Homeowners will adore the luxurious master suite, showcasing a soaking tub, glass-enclosed shower, split vanities and a huge walk-in closet. Upstairs, you’ll find a mother-in-law suite plus two bedrooms and a 3rd full bathroom.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
A.r. Turner Elementary School Primary Regular 574 32 7
Robert P. Brabham Middle School Middle Regular 791 43 5
Willis High School High Regular 1,944 117 4

A.r. Turner Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 32
7
GreatSchools Rating

Robert P. Brabham Middle School

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 43
5
GreatSchools Rating

Willis High School

  • Education Level: High
  • # of students: 1,944
  • # of teachers: 117
4
GreatSchools Rating
 

$276,210$337,590$306,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,066
Property Tax -$596
Property Insurance -$167
HOA -$33
Property Management Fees -$99
CASH FLOW
-$31

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.

$306,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.63%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,329

INVESTMENT

$83,329

Down Payment
$76,725
Rehab Estimate
$2,000
Closing Costs
$4,604

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,725
Loan Amount $230,175
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,7754$1,9305$1,995
$1,995
RENT COMPS ANALYSIS
  • 7536 Tyler Run Boulevard Conroe, TX 4
    • 4 beds 4 baths ∙ 2,415 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,415 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.80
    •  
  • 7805 Board Crossing Conroe, TX 1
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2004
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.74
    •  
  • 2211 Highland Crossing Drive Conroe, TX 2
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2005
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 2220 Highland Hills Drive Conroe, TX 3
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2004
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.81
    •  
  • 2213 Perkins Crossing Drive Conroe, TX 5
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2005
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jack Lipar
1.281.362.8998
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94789351
Last Updated: 01/06/2021
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