15793 Bayberry Trace Dr Conroe TX 77303

11 investors added to watchlist

15793 Bayberry Trace Dr

Conroe TX 77303

Year 1 Investor Highlights

Cash on Cash

0.46%

Cap Rate

5.18%

YoY Appreciation

Cash Flow/mo.

$27

15793 Bayberry Trace Dr, Conroe TX 77303

$220,000

3 Bedrooms

2 Bathrooms

1,076 Sqft

Built in 2023

11 investors watching

Why invest?

Investing in 15793 Bayberry Trace Dr, Conroe, TX 77303, offers a promising opportunity in a growing market. This 3-bedroom, 2-bathroom home, built in 2023, provides modern living in a desirable location. The Conroe area boasts a strong rental market, with average rents for 3-bedroom homes around $1,850 per month, reflecting a 4.13% increase from the previous year.

Property Overview

This newly constructed 3-bedroom, 2-bathroom home spans 1,076 square feet, offering a contemporary layout and finishes. Built in 2023, it provides modern amenities and energy efficiency, appealing to a wide range of tenants.

Economic and Employment Insights

Conroe's economy is robust, with major employers like Conroe Independent School District, which employs over 10,000 individuals and serves 73,000 students across 71 campuses. The district's growth, adding approximately 2,500 new students annually, indicates a stable and expanding job market.

Local Amenities

The property is situated in a vibrant community with access to quality schools, shopping centers, dining options, and recreational parks. Its proximity to major highways ensures convenient transportation, enhancing its appeal to potential tenants.

Investment Opportunity

Estimated Monthly Rent

$1,680/month

Market Range: $1,630 - $1,740

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