169 Chestnut Meadow DrConroeTX77384
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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 169 Chestnut Meadow Dr, Conroe, TX, 77384 offers $4,992/mo rent that, after a $2,741/mo payment, leaves $954/mo cash flow. Total monthly income is $4,992/mo, and annual cash flow is $11,451/yr on $184,240 cash. Return on cash invested measures 26.28% in year one, and rental yield stands at 10.7% at a $560,000 entry. Equity gained on principal adds $3,614/yr while 5% annual appreciation compounds into $154,718 by year five. Five-year ROI records 138.32% and total cumulative return in cash reaches $254,837. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,992/mo property income versus a $2,741/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.27 Acres lot
$N/A/sqft
$665 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77384, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,192 (100%) |
| Owner Occupied HU | 7,349 (55.7%) |
| Renter Occupied HU | 4,797 (36.4%) |
| Vacant Housing Units | 1,046 ( 7.9%) |
| Median Home Value | $435,407 |
| Average Home Value | $514,757 |
Housing Distribution
Address Breakdown
Residential
13,283
Single Family
8,292
Multi-Family
4,991
Businesses
691
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Listed by: Grace Felefli • Realty Associates
Mls Name: HAR
Mls Provider:
Mls ID: #56742912
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