16615 Sterling Cliff StConroeTX77302
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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 16615 Sterling Cliff St, Conroe, TX, 77302 priced at $273,120 converts $3,900/mo rent into $1,899/mo cash flow after a $1,337/mo obligation. Total monthly income equals $3,900/mo, and annual cash flow totals $22,791/yr on $90,539 invested. Return on cash invested prints 45.08% in year one, and rental yield reads 17.14% against a $273,120 entry. Equity gained on principal adds $1,762/yr, while 5% annual appreciation compiles into $75,458 by year five. Five-year ROI reaches 239.35% and total cumulative return in cash sums $216,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,900/mo property income covering a $1,337/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$700 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: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #12158775
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