216 Lakeshore DrConroeTX77304
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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
Rental property for sale in Conroe at 216 Lakeshore Dr, Conroe, TX, 77304 priced at $270,000 converts $2,122/mo rent into $202/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,122/mo, and annual cash flow totals $2,418/yr on $89,505 invested. Return on cash invested prints 22.61% in year one, and rental yield reads 9.43% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 118.56% and total cumulative return in cash sums $106,117. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,122/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.44 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
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