16348 Olive Sparrow DrConroeTX77385
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 16348 Olive Sparrow Dr, Conroe, TX, 77385 in Conroe achieves a 1.58 ratio at $330,000: $2,340/mo rent versus $1,484/mo debt service. Rental yield 8.51%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.51% yield compounds alongside 5% annual appreciation projecting $91,173 in value. Total projected cumulative return: $126,039.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $(32) | $250 |
City averages based on Conroe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $2,215 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2020
5,553 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77385, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,197 (100%) |
| Owner Occupied HU | 9,411 (77.2%) |
| Renter Occupied HU | 2,251 (18.5%) |
| Vacant Housing Units | 535 ( 4.4%) |
| Median Home Value | $353,235 |
| Average Home Value | $383,398 |
Housing Distribution
Address Breakdown
Residential
11,717
Single Family
10,948
Multi-Family
769
Businesses
833
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2020
5,553 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77385, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,197 (100%) |
| Owner Occupied HU | 9,411 (77.2%) |
| Renter Occupied HU | 2,251 (18.5%) |
| Vacant Housing Units | 535 ( 4.4%) |
| Median Home Value | $353,235 |
| Average Home Value | $383,398 |
Housing Distribution
Address Breakdown
Residential
11,717
Single Family
10,948
Multi-Family
769
Businesses
833
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices