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9135 Nina Road Conroe, TX 77304

3 Beds 2 Baths 1,394 sqft Built 2018

$210,990

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $151.36
  • 3 Days on Market
  • MLS # : 65444926
  • Updated Date : 02/27/2021 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,394 sqft
  • Baths : 2 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

One Story home in a convienient location with-in minutes to shopping, I-45, Lake Conroe and The Woodlands Mall. The chef-ready kitchen includes an island and comes equipped with generous cabinetry, granite counters and plenty of counter space. The private master suite includes a custom walk in shower with seamless sliding shower doors, luxurious bathroom and a huge walk-in closet. Exterior features include a covered front entryway and a perfect size rear covered patio for entertaining. Enjoy the park with playground equipment, wide streets and premium lot with no back neighbors. Call for a showing today.

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
 

$189,891$232,089$210,990

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$733
Property Tax -$410
Property Insurance -$108
HOA -$33
Property Management Fees -$99
CASH FLOW
$57

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.

$210,990

PROJECTED PRICE

$1,440

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$61,662

INVESTMENT

$61,662

Down Payment
$52,748
Rehab Estimate
$5,750
Closing Costs
$3,165

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,748
Loan Amount $158,243
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4503$1,4504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 9135 Nina Road Conroe, TX 1
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $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
    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
    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
    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
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Roseann Hildenbrandt
1.936.718.6566
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65444926
Last Updated: 02/27/2021
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