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8123 Laughing Falcon Trail Conroe, TX 77385

4 Beds 4 Baths 2,922 sqft Built 2014

$319,999

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $109.51
  • 2 Days on Market
  • MLS # : 76298299
  • Updated Date : 02/27/2021 at 21:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,922 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Associates

Listing Agent's Description

Absolutely gorgeous property in a Gated Community, ready for your family to make it their very own and start building incredible family memories at Harpers Preserve! This property offers your family 4 Bdrs, 3.5 baths', study, gameroom and much more. Not to mention the amenities your family will enjoy which include...pool, pool barn, walking trails, playground, fire pit, bowling/boccie ball greens & horseshoe pits! Perfectly located near I45, Grand Parkway, Beltway, Exxon Mobile' Headquarters, Downtown Houston, and The Woodlands. Give me a call if you have any questions, or contact your Realtor for a showing appointment!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Wood Lake Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k372k

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

Neighborhood: Wood Lake Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8932607

* 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
Oak Ridge Elementary School Primary Regular 563 33 6
Gerald D Irons Jr High School Middle Unknown 1,102 70 NA
Oak Ridge High School High Regular 3,637 202 8

Oak Ridge Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 33
6
GreatSchools Rating

Gerald D Irons Jr High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 70
NA
GreatSchools Rating

Oak Ridge High School

  • Education Level: High
  • # of students: 3,637
  • # of teachers: 202
8
GreatSchools Rating
 

$287,999$351,999$319,999

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,111
Property Tax -$871
Property Insurance -$196
HOA -$85
Property Management Fees -$99
CASH FLOW
$368

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.

$319,999

PROJECTED PRICE

$2,730

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$27,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,995

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,6953$2,7304$3,4005$3,600
$3,600
RENT COMPS ANALYSIS
  • 8123 Laughing Falcon Trail Conroe, TX 3
    • 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.93
    •  
  • 8110 Black Percher Street Conroe, TX 1
    • 3 beds 3 baths ∙ 2,809 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,809 Sqft ∙ Built 2013
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 1104 Great Grey Owl Conroe, TX 2
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2019
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.96
    •  
  • 203 Willow Street The Woodlands, TX 4
    • 4 beds 4 baths ∙ 2,910 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,910 Sqft ∙ Built 2015
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.17
    •  
  • 8219 Peppervine Court Conroe, TX 5
    • 4 beds 4 baths ∙ 3,066 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,066 Sqft ∙ Built 2014
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.17
    •  
PROPERTY LISTING DETAILS
Anielka Rodriguez
1.713.464.0700
Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 76298299
Last Updated: 02/27/2021
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