2118 Cedar Way DrConroeTX77301
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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 2118 Cedar Way Dr, Conroe, TX, 77301 uses $76,054 cash to close to unlock $17,361/yr annual cash flow and $1,447/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,123/mo payment keeps the spread at $1,447/mo. Purchase price stands at $229,425, and rental yield measures 16.32% with $3,120/mo rent. Return on cash invested shows 42.74% in year one, and 5% annual appreciation builds toward $63,386 over five years. Five-year ROI reaches 226.69% and total cumulative return in cash records $172,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,123/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$500 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: Jared Turner • Turner Mangum,LLC
Mls Name: HAR
Mls Provider:
Mls ID: #19358460
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