16350 Many Trees Ln Conroe TX 77302

16350 Many Trees Ln

Conroe TX 77302

Year 1 Investor Highlights

Cash on Cash

0.42%

Cap Rate

5.16%

YoY Appreciation

Cash Flow/mo.

$33

16350 Many Trees Ln, Conroe TX 77302

$298,000

3 Bedrooms

2 Bathrooms

1,550 Sqft

Built in 2003

Why invest?

Investing in 16350 Many Trees Ln, Conroe, TX 77302 offers a promising opportunity in a thriving rental market. The property's location in Conroe, a rapidly growing area, enhances its appeal to potential tenants. The 3-bedroom, 2-bathroom home provides ample space, catering to families and professionals alike.

Property Overview

This 1,550 sq ft residence, built in 2003, features a functional layout with three bedrooms and two bathrooms. The well-maintained property offers a comfortable living environment, appealing to a wide range of renters.

Economic and Employment Insights

Conroe's economy is robust, with major employers such as Conroe Independent School District, Memorial Hermann The Woodlands Hospital, and The Woodlands Area Economic Development Partnership. The area has seen significant job growth, with major employers now topping 40,000 jobs. The local economy's strength contributes to a stable rental market.

Local Amenities

The neighborhood offers excellent schools, including Conroe ISD, recognized among America's Best Large Employers. Residents enjoy convenient access to shopping centers, dining options, parks, and recreational facilities, enhancing the area's appeal to potential tenants.

Searching for Tenant

Managed by Doorvest

Estimated Monthly Rent

$2,040/month

Market Range: $1,900 - $2,170

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