2055 Midlane DrConroeTX77301
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 2055 Midlane Dr, Conroe, TX, 77301 uses $102,732 cash to close to unlock $5,401/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $2,654/mo, and a $1,517/mo payment keeps the spread at $450/mo. Purchase price stands at $309,900, and rental yield measures 10.28% with $2,654/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 132.3% and total cumulative return in cash records $135,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,654/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2012
7,239 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices