1840 Velvet Oak LnConroeTX77304
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 1840 Velvet Oak Ln, Conroe, TX, 77304 at $341,910 posts ROI 23.09% with $301/mo cash flow from $2,790/mo rent. Total monthly income equals $2,790/mo, and annual cash flow records $3,609/yr on $113,343 to close. Return on cash invested measures 23.09% and rental yield reads 9.79% at the current $341,910. Equity gained on principal adds $2,206/yr, and 5% annual appreciation supports $94,463 by year five. Five-year ROI prints 121.36% and total cumulative return in cash totals $137,550.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,790/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
N/A lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77304, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,022 (100%) |
| Owner Occupied HU | 12,097 (54.9%) |
| Renter Occupied HU | 7,680 (34.9%) |
| Vacant Housing Units | 2,245 (10.2%) |
| Median Home Value | $383,902 |
| Average Home Value | $451,552 |
Housing Distribution
Address Breakdown
Residential
19,796
Single Family
13,347
Multi-Family
6,449
Businesses
1,250
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Nearby investment properties with comparable prices
Listed by: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #63823263
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