2804 Preston Place CtConroeTX77304
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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 2804 Preston Place Ct, Conroe, TX, 77304 uses $112,445 cash to close to unlock $2,977/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $2,660/mo, and a $1,660/mo payment keeps the spread at $248/mo. Purchase price stands at $339,200, and rental yield measures 9.41% with $2,660/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $93,715 over five years. Five-year ROI reaches 118.27% and total cumulative return in cash records $132,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,660/mo property income covering a $1,660/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5,458 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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