1438 Waggoner Ranch TrlConroeTX77301
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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 1438 Waggoner Ranch Trl, Conroe, TX, 77301 priced at $327,390 converts $2,010/mo rent into after a $1,602/mo obligation. Total monthly income equals $2,010/mo. Return on cash invested prints 15.94% in year one, and rental yield reads 7.37% against a $327,390 entry. Equity gained on principal adds $2,113/yr, while 5% annual appreciation compiles into $90,452 by year five. Five-year ROI reaches 82.92% and total cumulative return in cash sums $89,995. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,010/mo property income covering a $1,602/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$500 annually 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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Listed by: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #249262
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