123 Genesee Ridge DrConroeTX77385
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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
Rental property for sale in Conroe at 123 Genesee Ridge Dr, Conroe, TX, 77385 priced at $415,000 converts $2,699/mo rent into after a $2,031/mo obligation. Total monthly income equals $2,699/mo. Return on cash invested prints 17.71% in year one, and rental yield reads 7.8% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 92.28% and total cumulative return in cash sums $126,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,699/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2003
6,873 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77385, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,197 (100%) |
| Owner Occupied HU | 9,411 (77.2%) |
| Renter Occupied HU | 2,251 (18.5%) |
| Vacant Housing Units | 535 ( 4.4%) |
| Median Home Value | $353,235 |
| Average Home Value | $383,398 |
Housing Distribution
Address Breakdown
Residential
11,717
Single Family
10,948
Multi-Family
769
Businesses
833
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