16325 OLIVE SPARROW DR
CONROE, TX 77385
List Price
$309,500
Initial Investment
$84,339Purchase Price
$309,500
Down Payment
25%
Rent
$2,150
Total Return
$77,182
Annualized Return
13.1%
Cap Rate
4.3%
Gross Yield
8.3%
Cash Flow
-$4,171
Appreciation
5.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,922
HOA
$25/mo
Flood Risk
High Risk - Zone AE
No Rear Neighbors!
This charming single owner home boasts 4 bedrooms and 3 bathrooms, with the master bedroom located upstairs. The layout includes a large gameroom, perfect for entertaining, on the second floor, and a bedroom with a bathroom on the first floor. A beautiful office with double French doors adds to the appeal of this peaceful property, tucked away in the back of the last and newest section of the neighborhood for peace and quiet at the end of the day.
This home is a short walk from Irons Junior High, and across the street from Suchma Elementary. A new HEB is across the street, and there are numerous restaurants in close proximity to the home.
Solar panels are availible with the home if negotiated, or the seller will remove prior to sale.
See more in Analysis
Fred McDaniel
Realty ONE Group Iconic
TX Agent License #573495
Annual Financial Highlights
Expected Rent
$24,510Expenses
-$4,295Property Taxes
-$7,560Loan Payments
-$16,826Net Cash Flow
-$4,171See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Christopher Matos
Agent License 0748838
AVILA REALTY
Agent License 0748838
AVILA REALTY
Certified Agent Brokerage:Fred McDaniel
Realty ONE Group Iconic
TX Brokerage License 9003340
Realty ONE Group Iconic
TX Brokerage License 9003340
SourceHouston Association of REALTORS®
MLS #49217741
Last Updated: 03/22/2025 09:03
MLS #49217741
Last Updated: 03/22/2025 09:03