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9805 Hyacinth Way Conroe, TX 77385

4 Beds 3 Baths 2,314 sqft Built 2008

$204,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $88.55
  • 4 Days on Market
  • MLS # : 85485584
  • Updated Date : 11/02/2020 at 10:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,314 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Nice two story home ideally situated in the new subdivision of Montgomery Creek Ranch! This home has newer tile floors, nice open kitchen and breakfast area perfect for showing off your culinary skills to all your new neighbors. This home has a formal dining, large master with a spacious walk in closet, huge game a perfect place for kids to play.Here you have easy access to I-45 and The Woodlands. Enjoy shopping, Parks hike and bike trails and Splash Town-the mega water park only minutes away!

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: Montgomery Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $107k305k

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

Neighborhood: Montgomery Creek Ranch

NeighborhoodNIR 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
Vogel Intermediate School Primary Regular 1,072 61 6
Vogel Intermediate School Middle Regular 1,072 61 6
Oak Ridge High School High Regular 3,637 202 8

Vogel Intermediate School

  • Education Level: Primary
  • # of students: 1,072
  • # of teachers: 61
6
GreatSchools Rating

Vogel Intermediate School

  • Education Level: Middle
  • # of students: 1,072
  • # of teachers: 61
6
GreatSchools Rating

Oak Ridge High School

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

$184,410$225,390$204,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$756
Property Tax -$493
Property Insurance -$161
HOA -$22
Property Management Fees -$99
CASH FLOW
$60

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.

$204,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
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-$4.0k-$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$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6453$1,6504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 9805 Hyacinth Way Conroe, TX 1
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.69
    •  
  • 9916 Lace Flower Way Conroe, TX 2
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2013
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.71
    •  
  • 9889 Expedition Trail Conroe, TX 3
    • 5 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 9820 Expedition Trail Conroe, TX 4
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2008
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 9804 Expedition Trail Conroe, TX 5
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2009
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jerry Walker
1.281.787.0429
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 85485584
Last Updated: 11/02/2020
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