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9109 Fuellage Court Conroe, TX 77304

5 Beds 3 Baths 2,790 sqft Built 2017

$260,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $93.19
  • 2 Days on Market
  • MLS # : 40249285
  • Updated Date : 01/30/2021 at 16:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cb&a, Realtors

Listing Agent's Description

Beautiful 5 bedbroom,2.5 bathrooms 2-story home featuring 2 car garage . 1st Floor offers tile floor and no carpet in the living area as well as wet areas. The kitchen features granite counter tops and plenty of cabinets for storage as well as a walk in pantry .Master bedroom has a separate shower and garden tub. Upstairs has 4 spacious bedrooms as well as game room. Stepping into the backyard, you are welcome by a huge peaceful yard with mature tress , and enough space for entertainment as well as for kids or fur babies to run around. The sellers added a storage shed on the side of the house as well as a covered bbq shade area so you can

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

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
 

$234,000$286,000$260,000

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 -$903
Property Tax -$525
Property Insurance -$188
HOA -$33
Property Management Fees -$99
CASH FLOW
$182

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.

$260,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.74%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$14,630

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
  • $0.69

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,772
1$1,7722$1,9303$1,9954$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 9109 Fuellage Court Conroe, TX 2
    • 5 beds 3 baths ∙ 2,790 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,790 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.69
    •  
  • 2306 Siegen Drive Conroe, TX 1
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2007
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,772
    • $0.71
    •  
  • 9079 Nina Road Conroe, TX 3
    • 4 beds 4 baths ∙ 2,551 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,551 Sqft ∙ Built 2016
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 7821 Board Crossing Conroe, TX 4
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 9103 Nina Road Conroe, TX 5
    • 4 beds 4 baths ∙ 2,930 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,930 Sqft ∙ Built 2015
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Elsa Kiprotich
1.832.388.2524
Cb&a, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 40249285
Last Updated: 01/30/2021
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