15685 Franklin DrConroeTX77303
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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 15685 Franklin Dr, Conroe, TX, 77303 generates $1,588/mo in rent and, after a $847/mo payment, leaves $358/mo in cash flow. Total monthly income is $1,588/mo, and annual cash flow is $4,290/yr on $57,350 invested. Return on cash invested sits at 27.39% in year one, and rental yield is 11.02% on a $173,000 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation builds toward $47,797 over five years. Five-year ROI reaches 144.22% and total cumulative return in cash sums $82,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,588/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77303, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 6,547 (68.4%) |
| Renter Occupied HU | 2,463 (25.7%) |
| Vacant Housing Units | 567 ( 5.9%) |
| Median Home Value | $305,121 |
| Average Home Value | $343,028 |
Housing Distribution
Address Breakdown
Residential
9,827
Single Family
8,708
Multi-Family
1,119
Businesses
447
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Listed by: Roberta Guillot • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #81523521
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