301 Conroe DrConroeTX77301
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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 301 Conroe Dr, Conroe, TX, 77301 priced at $219,000 pairs $1,662/mo rent with $105/mo cash flow after a $1,072/mo payment. Total monthly income equals $1,662/mo, and annual cash flow comes to $1,255/yr on $72,599 invested. Return on cash invested is 21.64% in year one, and rental yield stands at 9.11% on a $219,000 basis. Equity gained on principal adds $1,413/yr, and 5% annual appreciation accumulates to $60,506 by year five. Five-year ROI measures 113.34% and total cumulative return in cash reaches $82,281. For financing, Ziffy Mortgage’s DSCR program evaluates $1,662/mo property income against a $1,072/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1960
0.37 Acres lot
$N/A/sqft
No 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: Luojia Chen • NextHome Woodland Springs
Mls Name: HAR
Mls Provider:
Mls ID: #97763371
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