16766 Lake CirConroeTX77302
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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 16766 Lake Cir, Conroe, TX, 77302 priced at $226,100 converts $2,053/mo rent into $445/mo cash flow after a $1,107/mo obligation. Total monthly income equals $2,053/mo, and annual cash flow totals $5,338/yr on $74,952 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 10.9% against a $226,100 entry. Equity gained on principal adds $1,459/yr, while 5% annual appreciation compiles into $62,467 by year five. Five-year ROI reaches 142.24% and total cumulative return in cash sums $106,614. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,053/mo property income covering a $1,107/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.32 Acres lot
$N/A/sqft
No 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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