2348 Cedar Place DrConroeTX77306
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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 2348 Cedar Place Dr, Conroe, TX, 77306 earns $92/mo cash flow from $2,003/mo rent with a $1,295/mo payment. Total monthly income totals $2,003/mo, and annual cash flow totals $1,100/yr on $87,682 capital. ROI tracks 21.16% on current figures, and rental yield reads 9.09% at a $264,500 purchase. Equity gained on principal adds $1,707/yr, and 5% annual appreciation supports $73,076 over five years. Five-year ROI reaches 110.94% and total cumulative return in cash sums $97,274. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,003/mo property income instead of your personal income.
Single Family
Built in 2024
5,523 sqft lot
$N/A/sqft
$360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77306, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,534 (100%) |
| Owner Occupied HU | 4,724 (72.3%) |
| Renter Occupied HU | 1,192 (18.2%) |
| Vacant Housing Units | 618 ( 9.5%) |
| Median Home Value | $239,811 |
| Average Home Value | $291,168 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,701
Multi-Family
0
Businesses
213
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Listed by: Ram Diaz • Priority One Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #47678720
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