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77385, TX

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77385, TX

$22,900 · CONROE, TX 77385
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Available

$22,900Asking price

3 bd · 2.5 ba · 2,220 sq ft · built 1972

CONROE, TX 77385

No contract on file

via InvestorLift Classic

1 view · listed Sep 23

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No verdict until the price, the value and the repairs add up

The Numbers

Listed priceFar under the value. It may be an entry fee, not the price.: $22,900
Listed ARVFrom the listing: $255,000
Our repair estimateFor this home’s size, ZIP and condition: $0 – $17,000

No profit or return is shown until these add up.

NEXKEY COLLECTIVE

NexKey Collective Deals - Kristie DeLouise

No reviews yet

Comps

Sales

Rents

ARV $255,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $265,000.

The sales behind this value are shown to members.

ARV $255,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

NEXKEY COLLECTIVE

NexKey Collective Deals - Kristie DeLouise

No reviews yet

Seller Description

Property Details:

Address: 2511 River Rdg, Conroe, TX 77385

Bed/Bath: 3 Bed / 3 Bath

Square Footage: 2,173 sqft

Year Built: 1972

HOA Restrictions: No HOA

Multi-Unit: No

Features + Amenities:

Furnished: No

Pool: No

Tenant Occupied: N/A

Monthly Rent: N/A

Est. Repairs:N/A

Financing Details:

Entry Fee (9.0%): $22,900 + CC + TC

Purchase Price: $254,561

Subto Terms

Mortgage Balance: $231,661.04

Rate: 5.63%

PITI: $2,384.76

Monthly Payments:

PITI: $2,384.76

Total Monthly: $2,384.76

Exit Scenarios:

Est. Average LTR: $2,229

Est. Average STR: $3,758

Additional Details:

Buyer shall provide Seller with proof of the mortgage payment each month
PITI CAN BE LOWERED TO ABOUT $2,200 if the buyer changes the insurance (current insurance is unusually high)
NO HOA / No rental restrictions
Strong rental demand area
TURNKEY — ready to move in or rent out immediately
New roof (2023)
New AC (2024)
CONTACT:
For additional property details, walkthrough instructions, or to submit an offer, please contact:
Mike Graham
NexKey Collective
Phone: (917) 746-5159
BUYERS, PLEASE CONDUCT YOUR DUE DILLIGENCE