12131 Ridge Top DrConroeTX77304
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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 12131 Ridge Top Dr, Conroe, TX, 77304 offers a 10.14% rental yield on a $275,447 purchase with $2,328/mo rent. Total monthly income registers $2,328/mo, and a $1,348/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,643/yr on $91,311 to close, and return on cash invested stands at 23.9% in year one. Equity gained on principal adds $1,777/yr while 5% annual appreciation supports $76,101 over five years. Portfolio math shows five-year ROI at 125.76% and total cumulative return in cash at $114,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,328/mo property income against a $1,348/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,000 sqft lot
$N/A/sqft
$790 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77304, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,022 (100%) |
| Owner Occupied HU | 12,097 (54.9%) |
| Renter Occupied HU | 7,680 (34.9%) |
| Vacant Housing Units | 2,245 (10.2%) |
| Median Home Value | $383,902 |
| Average Home Value | $451,552 |
Housing Distribution
Address Breakdown
Residential
19,796
Single Family
13,347
Multi-Family
6,449
Businesses
1,250
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Listed by: Jared Turner • Coventry Homes
Mls Name: HAR
Mls Provider:
Mls ID: #30549124
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