124 W Canopy Crossing CirConroeTX77301
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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 124 W Canopy Crossing Cir, Conroe, TX, 77301 priced at $302,082 converts $2,736/mo rent into $587/mo cash flow after a $1,479/mo obligation. Total monthly income equals $2,736/mo, and annual cash flow totals $7,049/yr on $100,140 invested. Return on cash invested prints 26.95% in year one, and rental yield reads 10.87% against a $302,082 entry. Equity gained on principal adds $1,949/yr, while 5% annual appreciation compiles into $83,460 by year five. Five-year ROI reaches 141.83% and total cumulative return in cash sums $142,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,736/mo property income covering a $1,479/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,063 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
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