155 Pronghorn Pl Montgomery, TX 77316
4bd, 3.5ba | 3,747sqft | Built in 2009
investment property - 155 Pronghorn Pl, Montgomery, TX 77316, Montgomery - image 0
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investment property - 155 Pronghorn Pl, Montgomery, TX 77316, Montgomery - image 0
investment property - 155 Pronghorn Pl, Montgomery, TX 77316, Montgomery - image 1
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List Price
$385,000
Initial Investment : $391,153
Purchase Price
$385,000
Down Payment
100%
Rent
$3,150

Total Return
$171,177
Annualized Return
8.2%
Cap Rate
5.3%
Gross Yield
9.8%
Cash Flow
$19,419
Appreciation
4.4%
Financing Options
to learn more or visit our partner to get pre-approved.
Rate Payment
4.500%
Fees: $1,795
APR: 4.530%
$1,463 Details
-
- Details
Fees represent the loan origination fees charged directly by the lender. Other fees may apply.
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Property Management Options
  • (415) 712-0668
    brad@hemlane.com
    218 9th Street
    San Francisco, CA 94103
    Hemlane
    Property Management Fee:
    $58 per month flat fee
    Leasing Fee:
    50% - 100% of First Month’s Rent (depending on services needed)
    Renewal Leasing Fee:
    None
    Maintenance Fee:
    None
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    Varies by Agent
    Hemlane is an all-in-one property management platform. It offers leasing (tenant placement) and property management through easy-to-use software, local agents, and maintenance coordinators to give real estate investors a peace of mind with their rental properties. Hemlane is transparent and trusted across the US, with 5 star reviews from customers.
  • 713-895-9966 x308
    jdominy@terraresidential.com
    9977 W. Sam Houston Pkwy. N, Ste 160
    Houston, TX 77064
    Terra Residential Services, Inc., CRMC
    Property Management Fee:
    10% of Monthly Rent Collected
    Leasing Fee:
    100% of First Month’s Rent
    Renewal Leasing Fee:
    20% of First Month’s Rent
    Maintenance Fee:
    NONE for normal maintenance*
    Property Setup Fee:
    NONE
    Marketing Fee:
    NONE – included in Leasing Fee
    Project Management Fee:
    10% of Total Project Cost for larger projects
    Advertising typically begins before the home is vacant. Using current rent comparables and our experience helps produce higher rents and less vacancy. We advertise in multiple websites and include the REALTOR MLS.Yard signs are used where appropriate. Our quality long term reputation for well managed homes obtains more showings from agents. Our rigorous tenant screening assists in finding better tenants. Professional comprehensive forms protect your interests and comply with applicable laws.
  • (281) 807-4700
    trish@1stclassmgt.com
    13803 Jarvis Rd
    Cypress, TX 77429
    First Class Realty, Inc
    Property Management Fee:
    $95 per Month Flat Fee
    Leasing Fee:
    100% of First Month Rent
    Renewal Leasing Fee:
    $250 per Renewal
    Maintenance Fee:
    None
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    None
    Our principals have been in this industry for over 30 years. The President and Vice President are NARPM (National Association of Residential Property Managers) designated members and have served as President of the local chapter. Our President also serves on the property management board for the Texas and Houston Association of Realters. Our main focus in managing investment properties for our clients is to protect their liability while assisting them in getting their best return on the investment.
  • Tips for Self Managing Properties
    You’ve invested in a Rental Property, and are thinking about managing the property yourself? Here are the items you need to be aware of: Renting, Operating, Risk Management
    Self manage / Other
    Renting
    • Get property ready
    • Advertise
    • Show the property
    • Applicant screening
    • Move in tenants

    Operating
    • Collect rent
    • Repair requests
    • Home inspections
    • Move out process

    Risk Management
    • Fair housing
    • Insurance liability
    • Property damage
    • Habitability issues
    • Legal costs
  • Hemlane Property Management Software
    PROMO: 1 month free – monthly and annual contract options available

    For investors who want to self-manage, Hemlane is an all-in-one property management solution to automate the operational tasks for property management through an easy to use portal. For leasing, Hemlane advertises listings to 40 websites and automates showing scheduling, online applications, and background checks. Hemlane is transparent and trusted across the US, with 5-star customer reviews. www.hemlane.com

    FEE:
    • $58 per month + $30 per additional rental on an annual contract
    • $69 per month + $35 per additional rental on a monthly contract
    LEASING FEE:
    • 50% -100% of first months rent depending on services needed
Property Characteristics
  • Roofstock Exclusive
    What is it?
    This property is listed directly from the seller and only available through the Roofstock marketplace.
    Benefits
    • You can avoid competition and "buy it now" at the list price.​
    • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
    • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
    • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.
  • Roofstock Guarantee
    What is it?
    Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
    Benefits
    • All properties come with our 30-day money back guarantee
    • Enjoy guaranteed rent on vacant properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
    • This offer only applies to single-family properties and excludes properties with 2 or more units (duplexes, triplexes, fourplexes, multiplexes), commercial properties, “Roofstock One” properties and Roofstock portfolios.
Investment Terms
Purchase Price of $385,000 has been established by the Seller and it reflects the price at which Seller is willing to transact. If this property accepts offers, then please submit a reasonable offer for consideration.

Marketplace Fee of $1,925 must be paid to secure your investment property, remove it from the marketplace and initiate the purchase process.If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically promptly following payment of the Marketplace Fee and must be executed by Buyer within 24 hours of receipt.

Earnest Money Deposit (EMD) of $1,500 must be wired to the Title Company within 3 days of PSA signing.

Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.

Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 30 days of PSA execution for financing unless otherwise agreed by Buyer and Seller

Lease Agreement: The current lease agreement will be provided to Buyer at Closing.

Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Roofstock to lower transaction costs for Buyers and Sellers. An estimate of closing costs is provided in the Diligence Vault and actual closing costs will be outlined on the final settlement statement.

Title and Settlement Provider: Roofstock's standard closing process includes preferred partners who act as the title and escrow agent for this property. Our preferred partners have agreed to provide discounted escrow and settlement services to purchasers of properties via the Roofstock marketplace to lower your investment costs. If you would like to use a different provider for these services, please contact us.

Listing Broker: Roofstock Realty, LLC

Learn more about the investment process