Build on Your Lot
Huntsville, Tx
Bedrooms: 3, Bathrooms: 2.0, Sqft: 2300, Lot Size: 12062
Brought to you by:
Home One, LLC
346-900-3460
soleilanadarko@gmail.com
Notes
Listing includes an additional lot - Both Lot 18 and the east half of Lot 19. Both Beautiful cleared lots are located in the highly desirable, gated neighborhood of Wildwood Shores on the north side of Lake Conroe ~ The subdivision is surrounded by the Sam Houston National Forest and has direct access to Lake Conroe. ~ This over-sized lot sits at the front on the subdivision. Neighborhood amenities include boat slips, swimming pools, tennis & basketball courts, playground, picnic area, and much more! Build your dream home to enjoy weekend get-aways, or make it your full-time residence. Come see the beauty at Lake Conroe's undiscovered north end!
Financial Summary
Project Costs
Purchase Price | $60,000 | |
Purchase Costs | $1,800 | |
Rehab Costs | $200,000 | |
Rehab Contingency (5%) | $10,000 | |
Rehab Holding Costs | $2,125 | |
Total Project Costs | $273,925 | |
Financing | $0 | |
Cash out of Pocket | $273,925 | |
Rehab Project Length | 4 Month(s) |
Project Returns
Sales Price | $426,267 | |
Project Costs | ($273,925) | |
Sale Costs | ($29,839) | |
Profit Amount | $122,503 | |
ROI | 44.72% | |
ROR | 134.16% | |
Unlevered ROI | 44.72% | |
Unlevered ROR | 134.16% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| Huntsville, Tx | 7.9 miles | 3 | 2.0 | 2331 | $450,000 | $193 | 2023-04-03 |
| Huntsville, Tx | 0.097 miles | 3 | 2.0 | 1942 | $330,686 | $170 | 2023-01-03 |
| Huntsville, Tx | 0.61 miles | 3 | 2.0 | 1580 | $304,195 | $193 | 2023-05-08 |
| Average: | $361,627 | $185 | |||||
OpEx: Utilities & Periodic Costs
Annual Expense Growth Rate: -6.0%
| Name | Setup ($) | Amount ($/period) | Cost |
| Property Taxes | $0 | $338/ Year | $113 |
| Property Management | $0 | 0.00 % of Receipts | $0 |
| Water | $0 | $100/Month | $400 |
| Sewer | $0 | $25/Month | $100 |
| Electric | $0 | $250/Month | $1,000 |
| Insurance | $0 | $100/Month | $400 |
| Garbage | $0 | $28/Month | $112 |
| Total OpEx Costs: | $2,125 | ||
Property Photos
