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3 Home Package In Conroe, Texas 1 Specialty Properties Offered at $465,000 in Conroe, TX
INVESTMENT HIGHLIGHTS
- Tenant Occupied
- Low HOA Dues
- Low Tax Rate
EXECUTIVE SUMMARY
This is a 3 Home Package Deal in the Royal Forest Subdivision in Conroe, Texas. All 3 homes are tenant occupied with great tenants that have been residing in the homes for quite a long time (2014, 2018, 2023). The rental rates are below current rates in the subdivision. The Cap Rate has figured in normal operating costs like property taxes, insurance, and HOA.
10695 Royal York Drive - 2 Bedroom / 1 Bath ... 915 Sq Ft ... Built in 2005 ... $1,150 a month rent
12115 Royal Green - 3 Bedroom / 2 Bath ... 1066 Sq Ft ... Built in 2004 ... $1,395 a month rent
12789 Royal Shores - 3 Bedroom / 2 Bath / 2 Car Garage ... 1,110 Sq Ft ... Built in 2006 ... $1,450 a month rent
Please contact Hal Bazar for more information.
10695 Royal York Drive - 2 Bedroom / 1 Bath ... 915 Sq Ft ... Built in 2005 ... $1,150 a month rent
12115 Royal Green - 3 Bedroom / 2 Bath ... 1066 Sq Ft ... Built in 2004 ... $1,395 a month rent
12789 Royal Shores - 3 Bedroom / 2 Bath / 2 Car Garage ... 1,110 Sq Ft ... Built in 2006 ... $1,450 a month rent
Please contact Hal Bazar for more information.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$47,940
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$47,940
|
| Taxes |
$9,681
|
| Operating Expenses |
$5,100
|
| Total Expenses |
$14,781
|
| Net Operating Income |
$33,159
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $47,940 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $47,940 |
| Taxes | |
|---|---|
| Annual | $9,681 |
| Operating Expenses | |
|---|---|
| Annual | $5,100 |
| Total Expenses | |
|---|---|
| Annual | $14,781 |
| Net Operating Income | |
|---|---|
| Annual | $33,159 |
PROPERTY FACTS
| Price | $465,000 | Status | Active |
| Price / SF | $418.92 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.10% | Total Building Size | 1,110 SF |
| Sale Type | Investment | Total Land Area | 0.50 AC |
| Price | $465,000 |
| Price / SF | $418.92 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 1,110 SF |
| Total Land Area | 0.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 12789 Royal Shores Dr, Conroe, TX 77303 | Specialty | 1,110 SF | 2006 | - |
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3 Home Package In Conroe, Texas
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