16910 Elm Grove RdConroeTX77302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 16910 Elm Grove Rd, Conroe, TX, 77302 earns $531/mo cash flow from $2,704/mo rent with a $1,444/mo payment. Total monthly income totals $2,704/mo, and annual cash flow totals $6,373/yr on $97,793 capital. ROI tracks 26.43% on current figures, and rental yield reads 11% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 139.39% and total cumulative return in cash sums $136,310. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,704/mo property income instead of your personal income.
Single Family
Built in 2024
6,242 sqft lot
$N/A/sqft
$900 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: Jimmy Franklin • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #97411192
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