13043 Wandering Ridge LnConroeTX77302
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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 13043 Wandering Ridge Ln, Conroe, TX, 77302 offers a 10.92% rental yield on a $428,695 purchase with $3,900/mo rent. Total monthly income registers $3,900/mo, and a $2,098/mo payment leaves $770/mo available for distribution. Annual cash flow reaches $9,241/yr on $142,112 to close, and return on cash invested stands at 26.41% in year one. Equity gained on principal adds $2,766/yr while 5% annual appreciation supports $118,441 over five years. Portfolio math shows five-year ROI at 139.19% and total cumulative return in cash at $197,809. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,900/mo property income against a $2,098/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$980 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77302, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,733 (100%) |
| Owner Occupied HU | 7,572 (77.8%) |
| Renter Occupied HU | 1,583 (16.3%) |
| Vacant Housing Units | 578 ( 5.9%) |
| Median Home Value | $326,350 |
| Average Home Value | $391,076 |
Housing Distribution
Address Breakdown
Residential
8,977
Single Family
8,977
Multi-Family
0
Businesses
194
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Listed by: Ben Caballero • Highland Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #13434908
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