16436 Canary Ledge LnConroeTX77302
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
Investment Highlights
Rental property for sale in Conroe at 16436 Canary Ledge Ln, Conroe, TX, 77302 generates $2,040/mo in rent and, after a $1,248/mo payment, leaves $161/mo in cash flow. Total monthly income is $2,040/mo, and annual cash flow is $1,928/yr on $84,507 invested. Return on cash invested sits at 22.19% in year one, and rental yield is 9.6% on a $254,923 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,431 over five years. Five-year ROI reaches 116.63% and total cumulative return in cash sums $98,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
5,640 sqft lot
$N/A/sqft
$795 annually 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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Listed by: Jimmy Franklin • Pulte Homes
Mls Name: HAR
Mls Provider:
Mls ID: #4312603
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