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$464,990

For Sale - Active
9977 Western Ridge Way, Conroe, TX 77385
5 Beds
4 Baths
3,760 Square Feet
0.14 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Sep 30, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$653
Cap Rate
4.0%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.1%

Property Description


0.14 Acres Lot
Built in 2014
For Sale - Active
Units n/a

This stunning 5-bedroom, 3.5-bathroom residence with a 3-car garage is a must-see! Enjoy a beautiful heated pool & spa with Wi-Fi control. The spacious master suite offers a luxurious updated bathroom featuring a gorgeous walk-in shower. The primary bedroom includes 2 closets, one of which is a custom-built walk-in closet with a vanity. This home boasts elegant wood tile flooring throughout the majority of the house. All the bedrooms are generously sized. The oversized 5th bedroom would make a great home office or flex room. Additionally, there’s a nice-sized game room for entertainment. The kitchen features granite countertops & stainless steel appliances. Conveniently located near Highway 242 & I-45, this home is minutes from schools, shopping, restaurants, the Woodlands Pavilion, Lake Conroe, the Exxon campus, & local hospitals. It includes a convenient sprinkler system, a new roof added in 2024, & a recently replaced microwave, dishwasher, & 1 of 2 AC units.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

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

Interior Features

  • # of Rooms: 12
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $370/annually

Land Information

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

Lot Information

  • Parcel ID: 72081403600
  • Lot Size: 6250 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2014

Tax Information

  • Annual Tax: $10,039

Utilities

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

Location

  • County: Montgomery

Listing Details


Listed by:
Alfred Brown
Alfred Brown Real Estate, LLC
(832) 974-1935

Source:
Houston Association of REALTORS
MLS#: 67775859
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$653
Cap Rate
4.0%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.1%

Purchase Details

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Purchase price:
$464,990
Amount financed:
-$371,992
Down payment:
$92,998
Closing costs:
$13,950
Rehab costs:
$0
Initial cash invested:
$106,948
Square feet:
3,760
Cost per square foot:
$124
Monthly rent per square foot:
$0.93

Financing Details

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Loan amount:
$371,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,200
Property tax:
$837
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,282

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$837-$10,039
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (1%)
1%-$31-$372
Total operating expenses: (50%)
50%-$1,743-$20,911

Cash Flow


Monthly Yearly
Net operating income:
$1,547 $18,564
Mortgage payments:
-$2,200 -$26,400
Cash flow:
-$653 -$7,836