Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $115.15
- 2 Days on Market
- MLS # : 65398188
- Updated Date : 02/06/2021 at 20:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,841 sqft
- Baths : 2 full
Listing Agent
Top Guns Realty On Lake Conroe
Listing Agent's Description
Looking for a gorgeous, immaculate home with great design details? This is it!!!! From the minute you drive up to the welcoming exterior and walk in the door of it's grand entrance, you will notice the extras at every turn. Lots of space to showcase your pretties! This home is immaculate and move in ready! You will love the open concept and the flow of all the rooms. It is perfect for family time and entertaining. There is room for everyone to have there own spaces and still be together. Ready to say goodbye to crazy traffic? The central location of this home is absolutely perfect for everyone! Located within a few minutes of I-45, you can get to everything Willis and Conroe have to offer within minutes. Great neighborhood, schools, location, house, Great Choice! The home received new paint in 1/21 and a new gas hot water heater with 6 year warranty added 6/20. You will want to view this home very soon because it really "won't last long". Call today for your private showing!!!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Olde Oaks North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Olde Oaks North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$736 |
| Property Tax | -$412 | |
| Property Insurance | -$133 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$43
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$212,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,930
LOAN DETAILS
$736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,000 |
| Loan Amount | $159,000 |
3.67
YEARS SAVED
$7,239
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,574
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
956 Oak Terrace Drive Conroe, TX 1
- 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,450
- $0.79
-
900 Summer Wood Boulevard Conroe, TX 2
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2007
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,495
- $0.91
-
998 Oak Falls Drive Willis, TX 3
- 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2004
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.77
-
975 Oak Falls Drive Conroe, TX 4
- 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2006
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,650
- $0.83
-
963 Oak Lynn Drive Conroe, TX 5
- 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,650
- $0.91
PROPERTY LISTING DETAILS
1.936.689.0072
Top Guns Realty On Lake Conroe
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 65398188
Last Updated: 02/06/2021
