188 Greenleaf 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
Rental property for sale in Conroe at 188 Greenleaf Ln, Conroe, TX, 77304 generates $2,165/mo in rent and, after a $1,150/mo payment, leaves $494/mo in cash flow. Total monthly income is $2,165/mo, and annual cash flow is $5,929/yr on $77,903 invested. Return on cash invested sits at 27.52% in year one, and rental yield is 11.06% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 144.91% and total cumulative return in cash sums $112,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,165/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.45 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices