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Owner Contacts

$153,000

302 Arrowhead Dr, Conroe, TX, 77316

Off Market

3 Beds

1 Bath

978 Sq Ft

Single Family Residence

$1.53 / sqft

Built in 1975

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Refrigerator, Dishwasher

FlooringVinyl

Exterior

Lot Size7,899 sqft

Building Information

Year Built1975

Stories1

Roof Type105

Land Information

APN6580-02-26782

Lot Number2-A

SubdivisionLake Conroe Forest 02

Land UseResidential

Legal DescriptionS658002 - LAKE CONROE FOREST 02, BLOCK 3, LOT 2-A OLD LO, ACRES 0.19

Census Tract694402

Assessed Land Value$23,697

Assessed Improvement Value$71,878

Assessment Year2025

About this property

Cute & cozy 3 bed 1 bath home is a MUST SEE! The home features a formal dining, breakfast nook, generous sized living area, & fully fenced spacious backyard. Two OVERSIZED galvanized covered porches front and back set this home apart. Also included is a 16 X 13 Storage Shed to store all of those outdoor items. There is plenty of space to park in the double wide driveway. Some recent updates include AC replaced June 2022, freshly painted exterior September 2022, New appliances September 2024- Refrigerator, Microwave, Range. Interior Paint- September 2024. The home is located a block away from one of the neighborhood lakes giving you plenty of opportunities to fish, or to enjoy walks along the water. Additional neighborhood amenities include a private boat ramp that feeds into Lake Conroe. Zoned to highly desirable Montgomery ISD! Tenant Criteria: 600+ Credit Score, Pets allowed case by case basis-No aggressive dog breeds, No Evictions, Clean Criminal Background, Good Employment History.

Investor Tools

$153,000

Estimated Property Value

$93,500Estimated Mortgage Balance

$71,130Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$918 /month

Positive

Cash Flow Estimate:

$306 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$218/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,853

$95,575

2025

$23,697

$71,878

$95,575

Tax History

Year

Tax Paid

Assessed Value

2024

$1,853

$95,575

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Recovo Mortgage Management Llc

Conventional

$93,500

First

Jan 22, 2020

Feb 2035

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$81,870

$71,130

46%

54%

$561/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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