3537 Korina WayConroeTX77306
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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 3537 Korina Way, Conroe, TX, 77306 uses $80,886 cash to close to unlock $1,334/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $1,871/mo, and a $1,194/mo payment keeps the spread at $111/mo. Purchase price stands at $244,000, and rental yield measures 9.2% with $1,871/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 113.06% and total cumulative return in cash records $91,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,871/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 2017
5,911 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77306, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,534 (100%) |
| Owner Occupied HU | 4,724 (72.3%) |
| Renter Occupied HU | 1,192 (18.2%) |
| Vacant Housing Units | 618 ( 9.5%) |
| Median Home Value | $239,811 |
| Average Home Value | $291,168 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,701
Multi-Family
0
Businesses
213
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Listed by: Chelsea Waters • R. Alexa Group
Mls Name: HAR
Mls Provider:
Mls ID: #10997773
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