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$339,800

For Sale - Active
2804 Preston Place Ct, Conroe, TX 77304
4 Beds
4 Baths
2,989 Square Feet
0.13 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Sep 20, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$464
Cap Rate
4.0%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-2.9%

Property Description


0.13 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Stunning two-story brick home sits gracefully on a corner lot and offers 4 beds and 3.5 baths. Designed for both comfort and style, the open-concept floor plan features a beautifully appointed kitchen that overlooks the dining area and flows into the inviting living space with laminte flooring throughout. Kitchen has gleaming granite countertops, gas stove, stainless steel appliances, and a convenient breakfast bar. Living room showcases soaring ceilings and oversized windows that flood the space with warm natural light, creating an airy and welcoming atmosphere. Primary suite is generously sized with an elegant tray ceiling and features a luxurious ensuite bath with dual sinks, expansive walk-in shower complete with a built-in bench, and a spacious walk-in closet. Upstairs, you’ll find a versatile game room along with 3 additional beds and 2 full baths. Situated near major highways, schools, restaurants, parks, and Lake Conroe.

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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: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Madison Bend HOA
  • HOA Fee: $650/annually

Land Information

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

Lot Information

  • Parcel ID: 69710221200
  • Lot Size: 5458 sqft

Property Information

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

Tax Information

  • Annual Tax: $8,807

Utilities

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

Location

  • County: Montgomery

Listing Details


Listed by:
Laura Worrell
CB&A, Realtors
(281) 414-4028

Source:
Houston Association of REALTORS
MLS#: 36108165
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$464
Cap Rate
4.0%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-2.9%

Purchase Details

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Purchase price:
$339,800
Amount financed:
-$271,840
Down payment:
$67,960
Closing costs:
$10,194
Rehab costs:
$0
Initial cash invested:
$78,154
Square feet:
2,989
Cost per square foot:
$114
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$271,840
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,608
Property tax:
$734
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,538

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (26%)
26%-$734-$8,807
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (2%)
2%-$54-$648
Total operating expenses: (53%)
53%-$1,488-$17,855

Cash Flow


Monthly Yearly
Net operating income:
$1,144 $13,728
Mortgage payments:
-$1,608 -$19,296
Cash flow:
-$464 -$5,568