362 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 362 Shoreview Dr, Conroe, TX, 77303 priced at $254,200 converts $3,595/mo rent into $1,788/mo cash flow after a $1,244/mo obligation. Total monthly income equals $3,595/mo, and annual cash flow totals $21,450/yr on $84,267 invested. Return on cash invested prints 45.36% in year one, and rental yield reads 16.97% against a $254,200 entry. Equity gained on principal adds $1,640/yr, while 5% annual appreciation compiles into $70,231 by year five. Five-year ROI reaches 240.57% and total cumulative return in cash sums $202,725. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,595/mo property income covering a $1,244/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No 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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