1502 Waggoner Ranch CtConroeTX77301
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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 1502 Waggoner Ranch Ct, Conroe, TX, 77301 uses $124,773 cash to close to unlock $716/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $2,736/mo, and a $1,842/mo payment keeps the spread at $60/mo. Purchase price stands at $376,390, and rental yield measures 8.72% with $2,736/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $103,990 over five years. Five-year ROI reaches 107.13% and total cumulative return in cash records $133,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,736/mo property income covering a $1,842/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A 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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