16859 Needlepoint DrConroeTX77302
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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 16859 Needlepoint Dr, Conroe, TX, 77302 priced at $359,454 pairs $4,848/mo rent with $2,238/mo cash flow after a $1,759/mo payment. Total monthly income equals $4,848/mo, and annual cash flow comes to $26,856/yr on $119,159 invested. Return on cash invested is 42.45% in year one, and rental yield stands at 16.18% on a $359,454 basis. Equity gained on principal adds $2,320/yr, and 5% annual appreciation accumulates to $99,311 by year five. Five-year ROI measures 225.14% and total cumulative return in cash reaches $268,278. For financing, Ziffy Mortgage’s DSCR program evaluates $4,848/mo property income against a $1,759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$650 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: Daniel Signorelli • The Signorelli Company
Mls Name: HAR
Mls Provider:
Mls ID: #47222121
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