1005 Callahan AveConroeTX77301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Conroe at 1005 Callahan Ave, Conroe, TX, 77301 uses $56,687 cash to close to unlock $1,211/yr annual cash flow and $101/mo monthly cash flow. Total monthly income runs $1,317/mo, and a $837/mo payment keeps the spread at $101/mo. Purchase price stands at $171,000, and rental yield measures 9.24% with $1,317/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $47,244 over five years. Five-year ROI reaches 115.5% and total cumulative return in cash records $65,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,317/mo property income covering a $837/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77301, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,382 (100%) |
| Owner Occupied HU | 8,471 (55.1%) |
| Renter Occupied HU | 5,818 (37.8%) |
| Vacant Housing Units | 1,093 ( 7.1%) |
| Median Home Value | $261,481 |
| Average Home Value | $328,172 |
Housing Distribution
Address Breakdown
Residential
14,264
Single Family
11,464
Multi-Family
2,800
Businesses
1,784
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices