47 Devonshire DrConroeTX77304
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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 47 Devonshire Dr, Conroe, TX, 77304 priced at $175,000 converts $1,353/mo rent into $108/mo cash flow after a $857/mo obligation. Total monthly income equals $1,353/mo, and annual cash flow totals $1,297/yr on $58,013 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 9.28% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 116.12% and total cumulative return in cash sums $67,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,353/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1981
7,366 sqft lot
$N/A/sqft
No 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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