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$232,990

Sold
15508 Taylorcrest Dr, Conroe, TX 77306
4 Beds
0 Baths
1,400 Square Feet
0.00 Acres Lot
Built in 2022
Sold
Units n/a
Checked: 11 hours ago
Updated: Jul 29, 2025 at 02:16AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$22
Cap Rate
5.6%
Cash-on-Cash Return
-0.5%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.5%

Property Description


0.00 Acres Lot
Built in 2022
Sold
Units n/a

SPACIOUS LIVING ROOM | 2-BAY GARAGE Prepare to be impressed by this DELIGHTFUL New home in the Crocket Reserve Community! The desirable 1402 Plan features an open living room that flows into a well-appointed kitchen. The Kitchen features gorgeous cabinets, granite countertops, and Stainless-Steel Steel Appliances (Includes, Range with Microwave, and Dishwasher). The primary suite has a private bath with dual vanity sinks and a roomy walk-in closet. This desirable plan also comes complete with a 2-car garage.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Waterfront Development
  • HOA Fee: $278/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 35630303000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2022

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Central
  • Cooling: Central Air

Location

  • County: Montgomery

Listing Details


Listed by:
Michael Greiner
My Castle Realty
(713) 683-0054

Source:
Houston Association of REALTORS
MLS#: 95787010
Houston Association of REALTORS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$22
Cap Rate
5.6%
Cash-on-Cash Return
-0.5%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.5%

Purchase Details

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Purchase price:
$232,990
Amount financed:
-$186,392
Down payment:
$46,598
Closing costs:
$6,990
Rehab costs:
$0
Initial cash invested:
$53,588
Square feet:
1,400
Cost per square foot:
$166
Monthly rent per square foot:
$1.14

Financing Details

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Loan amount:
$186,392
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,103
Property tax:
$0
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,215

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (1%)
1%-$23-$276
Total operating expenses: (26%)
26%-$423-$5,076

Cash Flow


Monthly Yearly
Net operating income:
$1,081 $12,972
Mortgage payments:
-$1,103 -$13,236
Cash flow:
$22 $264