$215,000 · CONROE, TX 77304
Works for flippers · Works for landlords

Available

$215,000Asking price

4 bd · 2.5 ba · 2,004 sq ft · built 1975

CONROE, TX 77304

Contract on file

via InvestorLift Classic

1 view · 1 saved · listed a day ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $350,000
Asking price: −$215,000
RepairsMiddle of the seller’s $40,000 – $50,000. Ours: $22,500 – $47,500: −$45,000
Loan, holding, closing20% down, 12% interest, 2 points, 78 days: −$24,801
Profit18.6% of ARV · flippers want 10%+: $65,199
Works

Works for a flipper up to $243,000.

ENCORE ACQUISITIONS

Brandon - Encore

No reviews yet

Comps

Sales

Rents

ARV $350,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $285,000.

The sales behind this value are shown to members.

ARV $350,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ENCORE ACQUISITIONS

Brandon - Encore

No reviews yet

Seller Description

Starting Price: $215,000

Estimated Rehab: $40,000–$50,000

ARV: $335,000–$350,000

Potential Gross Spread: $70,000–$95,000+

Off-market value-add opportunity in an established Conroe neighborhood. This 4-bedroom, 2.5-bath home offers 2,004 SF on an oversized 11,321 SF cul-de-sac lot with a detached 2-car garage.

The home has been well maintained but is largely original, making this a straightforward interior cosmetic flip with strong resale potential.

Property Highlights

4 Beds / 2.5 Baths
2,004 SF
11,321 SF cul-de-sac lot
Detached 2-car garage
Roof with 50-year shingles
HVAC approximately 10 years old
Water heater approximately 7 years old
Not in a flood zone
Never flooded
Cosmetic renovation opportunity

Comparable Sales

- 5 Devonshire Drive — $359,500 | 4/2.5 | 2,316 SF

- 29 Devonshire Drive — $357,420 | 4/2.5 | 2,415 SF

Strong Location

Convenient access to I-45 and Loop 336, with easy connectivity to The Woodlands employment and medical corridor, shopping, dining, and entertainment.

The property is also approximately:

10–15 miles from Lake Conroe
15 miles from The Woodlands Waterway & Mal

A solid flip opportunity with a desirable lot, established neighborhood setting, and strong nearby resale comps.

Call or Text 346-230-1340 for photos, access, or to submit an offer.

All property details, repair estimates, comparable sales, values, and projections are provided for informational purposes only and should be independently verified by the buyer.