2698 La Salle Lake RdConroeTX77304
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
Rental property for sale in Conroe at 2698 La Salle Lake Rd, Conroe, TX, 77304 offers $3,634/mo rent that, after a $1,542/mo payment, leaves $1,367/mo cash flow. Total monthly income is $3,634/mo, and annual cash flow is $16,405/yr on $104,423 cash. Return on cash invested measures 35.62% in year one, and rental yield stands at 13.84% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 188.45% and total cumulative return in cash reaches $196,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,634/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
9,650 sqft lot
$N/A/sqft
$320 annually 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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Nearby investment properties with comparable prices
Listed by: Ronald Street • Street Property Group
Mls Name: HAR
Mls Provider:
Mls ID: #60972681
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