27 Lakeway StConroeTX77304
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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 27 Lakeway St, Conroe, TX, 77304 generates $1,898/mo in rent and, after a $938/mo payment, leaves $535/mo in cash flow. Total monthly income is $1,898/mo, and annual cash flow is $6,421/yr on $63,549 invested. Return on cash invested sits at 30.01% in year one, and rental yield is 11.88% on a $191,700 entry. Equity gained on principal adds $1,237/yr, while 5% annual appreciation builds toward $52,963 over five years. Five-year ROI reaches 158.29% and total cumulative return in cash sums $100,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,898/mo property income rather than buyer’s personal income.
Condo
Built in 1970
1,197 sqft 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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