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$265,000

For Sale - Active
16771 N Rail Dr, Conroe, TX 77385
3 Beds
2 Baths
1,500 Square Feet
0.11 Acres Lot
Built in 2015
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Sep 30, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$403
Cap Rate
3.9%
Cash-on-Cash Return
-7.9%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.7%

Property Description


0.11 Acres Lot
Built in 2015
For Sale - Active
Units n/a

This beautifully maintained 1-story home in Gleneagles offers 3 beds & 2 baths, combining classic charm with modern comfort. Step inside to an open, airy layout enhanced by rich wood-like tile flooring that flows throughout the main living areas. The elegant formal dining room features a striking chandelier & a large window that fills the space with natural light. The adjoining family room features vaulted ceilings, expansive windows, & a ceiling fan. The well-appointed kitchen showcases natural wood cabinetry, a neutral tile backsplash, & stainless steel appliances—including a gas range with a built-in griddle. Just off the kitchen, a cozy breakfast nook provides the ideal spot for casual dining. The spacious primary bedroom serves as a peaceful retreat, complete with a private ensuite bathroom. Two additional bedrooms offer versatile space for guests, a home office, or hobbies. Outside, the fenced backyard offers a lush green lawn & plenty of room to create your own outdoor oasis.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 53300610800
  • Lot Size: 5005 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2015

Tax Information

  • Annual Tax: $4,690

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s), Electric

Location

  • County: Montgomery

Listing Details


Listed by:
Joy Padvorac
Village Realty
(832) 326-5918

Source:
Houston Association of REALTORS
MLS#: 89413441
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$403
Cap Rate
3.9%
Cash-on-Cash Return
-7.9%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.7%

Purchase Details

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Purchase price:
$265,000
Amount financed:
-$212,000
Down payment:
$53,000
Closing costs:
$7,950
Rehab costs:
$0
Initial cash invested:
$60,950
Square feet:
1,500
Cost per square foot:
$177
Monthly rent per square foot:
$1.20

Financing Details

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Loan amount:
$212,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,254
Property tax:
$391
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,771

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$391-$4,690
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$841-$10,090

Cash Flow


Monthly Yearly
Net operating income:
$851 $10,212
Mortgage payments:
-$1,254 -$15,048
Cash flow:
-$403 -$4,836