16515 Jasmine Marie PlConroeTX77306
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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 16515 Jasmine Marie Pl, Conroe, TX, 77306 uses $56,355 cash to close to unlock $3,796/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $832/mo payment keeps the spread at $316/mo. Purchase price stands at $170,000, and rental yield measures 10.91% with $1,546/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 140.38% and total cumulative return in cash records $79,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 2023
2,857 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77306, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,534 (100%) |
| Owner Occupied HU | 4,724 (72.3%) |
| Renter Occupied HU | 1,192 (18.2%) |
| Vacant Housing Units | 618 ( 9.5%) |
| Median Home Value | $239,811 |
| Average Home Value | $291,168 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,701
Multi-Family
0
Businesses
213
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Listed by: Courtney Okanlomo • Collective Realty Co.
Mls Name: HAR
Mls Provider:
Mls ID: #60206921
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