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9062 Nina Road Conroe, TX 77304

3 Beds 2 Baths 1,373 sqft Built 2016

$207,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $150.76
  • 3 Days on Market
  • MLS # : 13915088
  • Updated Date : 01/15/2021 at 18:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,373 sqft
  • Baths : 2 full
Listing Agent

Walzel Properties

Listing Agent's Description

Beautiful single story brick home located on Conroe's popular west side. Perfect split floor plan. Spacious entry, open & airy. Granite kitchen w/Island & check off the box Gas Cooktop! Natural gas, Tile thru-out. Private owners retreat includes a spacious bathroom & HUGE walk-in closet. This closet is so large it could double as a nursery or craft room. Secondary bedrooms tucked away on the opposite side of the home. Backyard fully privacy fenced, mature trees, fig tree and a 12’ covered back patio. So much room to add some cool outdoor living. Large 2 car garage & double-wide driveway allows plenty of space for storage and comfortable parking. This home's location provides additional parking and is within walking distance of the Park and Pavilion. Beautiful sidewalks run throughout the neighborhood along the ponds. Chase Run, a charming family friendly community located just minutes from the lake, golf, theatre, dining & shopping. Quick access to I-45. Low HOA, Awarded Willis ISD.

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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

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
 

$186,300$227,700$207,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$719
Property Tax -$402
Property Insurance -$106
HOA -$33
Property Management Fees -$99
CASH FLOW
$50

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.

$207,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.68%

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

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$60,605

INVESTMENT

$60,605

Down Payment
$51,750
Rehab Estimate
$5,750
Closing Costs
$3,105

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,750
Loan Amount $155,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4503$1,4504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 9062 Nina Road Conroe, TX 1
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.03
    •  
  • 7808 Board Crossing Conroe, TX 2
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 2004
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 2205 Jefferson Crossing Drive Conroe, TX 3
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 2007
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 9007 Nina Road Conroe, TX 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2016
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 7639 Daisy Port Lane Conroe, TX 5
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2015
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jessica Winski
1.936.672.9990
Walzel Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 13915088
Last Updated: 01/15/2021
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