11111 Fm 149

Richards, TX 77873
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3 bd, 2 ba | 1,790 sqft | Built in 1972

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List Price
$269,999

Initial Investment

$73,575

Purchase Price

$269,999

Down Payment

25%

Rent

$1,800

Total Return

$83,748

Annualized Return

16.3%

Cap Rate

5.5%

Gross Yield

8.0%

Cash Flow

-$661

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

21,000

HOA

None

Flood Risk

Not Required

Discover this beautifully remodeled ranch-style home in the heart of Richards. This charming residence offers a comfortable living space on a generous 0.48-acre lot. The home features three spacious bedrooms and two modern bathrooms, perfect for family living. The interior boasts an open floor plan with new flooring, fresh paint, and updated fixtures throughout. The kitchen has granite countertops, with plenty of counter space ,and open concept. Enjoy the expansive backyard with a large covered porch, ideal for outdoor entertaining or relaxing evenings. A concrete pad in the backyard offers versatile options for additional amenities. Located within walking distance to local stores and schools, this property combines convenience with country charm. Don't miss the opportunity to own this move-in-ready home in a serene setting.

See more in Analysis
Ariana White
EXP Realty, LLC
TX Agent License #714146

Annual Financial Highlights

Expected Rent

$20,520

Expenses

-$3,653

Property Taxes

-$2,850

Loan Payments

-$14,679

Net Cash Flow

-$661

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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Listing Courtesy of:Timothy Swanson
Agent License 0586260
Top Guns Realty on Lake Conroe
Certified Agent Brokerage:Ariana White
EXP Realty, LLC
TX Brokerage License 603392
SourceHouston Association of REALTORS®
MLS #33792587
Last Updated: 08/14/2025 13:08
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