16924 Rich Pines DrConroeTX77302
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 16924 Rich Pines Dr, Conroe, TX, 77302 at $230,400 posts ROI 25.92% with $382/mo cash flow from $2,021/mo rent. Total monthly income equals $2,021/mo, and annual cash flow records $4,587/yr on $76,378 to close. Return on cash invested measures 25.92% and rental yield reads 10.53% at the current $230,400. Equity gained on principal adds $1,487/yr, and 5% annual appreciation supports $63,655 by year five. Five-year ROI prints 136.31% and total cumulative return in cash totals $104,112.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,021/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2020
4,822 sqft 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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