2831 Paradise Ridge WayConroeTX77301
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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 2831 Paradise Ridge Way, Conroe, TX, 77301 with 5% annual appreciation on a $274,200 basis while $2,243/mo rent supports operations. Total monthly income totals $2,243/mo and a $1,342/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,893/yr on $90,897 deployed, and return on cash invested reaches 23.09% in year one. Equity gained on principal adds $1,769/yr, and five-year appreciation sums $75,756 alongside rental yield of 9.82%. Five-year ROI measures 121.43% and total cumulative return in cash totals $110,376.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,243/mo property income versus a $1,342/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$625 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77301, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,382 (100%) |
| Owner Occupied HU | 8,471 (55.1%) |
| Renter Occupied HU | 5,818 (37.8%) |
| Vacant Housing Units | 1,093 ( 7.1%) |
| Median Home Value | $261,481 |
| Average Home Value | $328,172 |
Housing Distribution
Address Breakdown
Residential
14,264
Single Family
11,464
Multi-Family
2,800
Businesses
1,784
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Listed by: Adam Olsen • eXp Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #44290495
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