346 Shoreview DrConroeTX77303
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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 346 Shoreview Dr, Conroe, TX, 77303 offers $3,583/mo rent that, after a $1,427/mo payment, leaves $1,472/mo cash flow. Total monthly income is $3,583/mo, and annual cash flow is $17,667/yr on $96,650 cash. Return on cash invested measures 38.19% in year one, and rental yield stands at 14.75% at a $291,555 entry. Equity gained on principal adds $1,881/yr while 5% annual appreciation compounds into $80,551 by year five. Five-year ROI records 202.28% and total cumulative return in cash reaches $195,504. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,583/mo property income versus a $1,427/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77303, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 6,547 (68.4%) |
| Renter Occupied HU | 2,463 (25.7%) |
| Vacant Housing Units | 567 ( 5.9%) |
| Median Home Value | $305,121 |
| Average Home Value | $343,028 |
Housing Distribution
Address Breakdown
Residential
9,827
Single Family
8,708
Multi-Family
1,119
Businesses
447
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Listed by: Matthew Guzman • RE/MAX Universal
Mls Name: HAR
Mls Provider:
Mls ID: #86714865
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