1962 Briar Grove DrConroeTX77301
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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 1962 Briar Grove Dr, Conroe, TX, 77301 at $329,000 posts ROI 24.64% with $430/mo cash flow from $2,794/mo rent. Total monthly income equals $2,794/mo, and annual cash flow records $5,157/yr on $109,064 to close. Return on cash invested measures 24.64% and rental yield reads 10.19% at the current $329,000. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 by year five. Five-year ROI prints 129.51% and total cumulative return in cash totals $141,249.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,794/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
6,599 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77301, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,382 (100%) |
| Owner Occupied HU | 8,471 (55.1%) |
| Renter Occupied HU | 5,818 (37.8%) |
| Vacant Housing Units | 1,093 ( 7.1%) |
| Median Home Value | $261,481 |
| Average Home Value | $328,172 |
Housing Distribution
Address Breakdown
Residential
14,264
Single Family
11,464
Multi-Family
2,800
Businesses
1,784
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Listed by: Julie Chaddick • Better Homes and Gardens Real Estate Gary Greene - Lake Conroe North
Mls Name: HAR
Mls Provider:
Mls ID: #28729560
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