332 Springwood DrConroeTX77385
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Nearby investment properties with comparable prices
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 332 Springwood Dr, Conroe, TX, 77385 at $199,900 posts ROI 22.35% with $135/mo cash flow from $1,556/mo rent. Total monthly income equals $1,556/mo, and annual cash flow records $1,619/yr on $66,267 to close. Return on cash invested measures 22.35% and rental yield reads 9.34% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 117.15% and total cumulative return in cash totals $77,629.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,556/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77385, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,197 (100%) |
| Owner Occupied HU | 9,411 (77.2%) |
| Renter Occupied HU | 2,251 (18.5%) |
| Vacant Housing Units | 535 ( 4.4%) |
| Median Home Value | $353,235 |
| Average Home Value | $383,398 |
Housing Distribution
Address Breakdown
Residential
11,717
Single Family
10,948
Multi-Family
769
Businesses
833
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