3218 Explorer 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 3218 Explorer Way, Conroe, TX, 77301 listed at $389,990 pairs $5,132/mo rent with a $1,909/mo payment to leave $2,277/mo cash flow. Total monthly income runs $5,132/mo, and annual cash flow reaches $27,318/yr on $129,282 cash to close. Return on cash invested measures 41.04% in year one, and rental yield registers 15.79% at a $389,990 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,747 by year five. Five-year ROI tracks 217.66% and total cumulative return in cash totals $281,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,132/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
8,102 sqft lot
$N/A/sqft
$750 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: Matthew Guzman • RE/MAX Universal
Mls Name: HAR
Mls Provider:
Mls ID: #85604981
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