10775 Royal Forest Dr

Conroe, TX 77303
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2 bd, 2 ba | 1,645 sqft | Built in 1983

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List Price
$239,000

Initial Investment

$65,128

Purchase Price

$239,000

Down Payment

25%

Rent

$1,620

Total Return

$83,535

Annualized Return

17.2%

Cap Rate

4.7%

Gross Yield

8.1%

Cash Flow

-$2,539

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,200

HOA

$31/mo

Flood Risk

Not Required

This 2 bedroom 2 bathroom home is located on a beautiful shaded corner lot with a large circle driveway in a wonderful lake community! Cathedral ceilings give the living space that extra wow factor when you walk inside. Large primary bedroom with an en-suite bathroom and an extra little space that can be used as an office or vanity area. Secondary bedroom is large as well with a good size closet. Kitchen and breakfast area are good size. Huge utility room for extra fridge/freezer and storage. The back covered patio is the perfect place to host your family cook outs and to just take in the beautiful lush green back yard. The A/C unit and fence were updated in 2022. 2 storage buildings located in the back yard (8x10 and 16x24). This community has a 37 acre spring fed lake! Bring your fishing poles!

See more in Analysis
Fred McDaniel
Realty ONE Group Iconic
TX Agent License #573495

Annual Financial Highlights

Expected Rent

$18,468

Expenses

-$3,663

Property Taxes

-$4,350

Loan Payments

-$12,993

Net Cash Flow

-$2,539

See 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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Last Updated: 04/18/2025 09:04
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