388 Springfield TerConroeTX77304
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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 388 Springfield Ter, Conroe, TX, 77304 offers $2,790/mo rent that, after a $2,000/mo payment. Total monthly income is $2,790/mo. Return on cash invested measures 18.4% in year one, and rental yield stands at 8.19% at a $408,585 entry. Equity gained on principal adds $2,637/yr while 5% annual appreciation compounds into $112,885 by year five. Five-year ROI records 96.19% and total cumulative return in cash reaches $130,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,790/mo property income versus a $2,000/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,250 sqft lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77304, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,022 (100%) |
| Owner Occupied HU | 12,097 (54.9%) |
| Renter Occupied HU | 7,680 (34.9%) |
| Vacant Housing Units | 2,245 (10.2%) |
| Median Home Value | $383,902 |
| Average Home Value | $451,552 |
Housing Distribution
Address Breakdown
Residential
19,796
Single Family
13,347
Multi-Family
6,449
Businesses
1,250
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Listed by: Heather Chavana • D.R. Horton Homes
Mls Name: HAR
Mls Provider:
Mls ID: #63453667
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