15130 Canyon Rapids RdConroeTX77302
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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 15130 Canyon Rapids Rd, Conroe, TX, 77302 uses $97,783 cash to close to unlock $21,626/yr annual cash flow and $1,802/mo monthly cash flow. Total monthly income runs $3,900/mo, and a $1,444/mo payment keeps the spread at $1,802/mo. Purchase price stands at $294,971, and rental yield measures 15.87% with $3,900/mo rent. Return on cash invested shows 42.03% in year one, and 5% annual appreciation builds toward $81,495 over five years. Five-year ROI reaches 222.68% and total cumulative return in cash records $217,745. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,900/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No 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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