488 Stephen F Austin DrConroeTX77302
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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 488 Stephen F Austin Dr, Conroe, TX, 77302 priced at $294,000 converts $1,977/mo rent into after a $1,439/mo obligation. Total monthly income equals $1,977/mo. Return on cash invested prints 15.85% in year one, and rental yield reads 8.07% against a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation compiles into $81,227 by year five. Five-year ROI reaches 83.28% and total cumulative return in cash sums $81,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,977/mo property income covering a $1,439/mo payment, not borrower’s personal income.
Single Family
Built in 1971
10,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77302, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,733 (100%) |
| Owner Occupied HU | 7,572 (77.8%) |
| Renter Occupied HU | 1,583 (16.3%) |
| Vacant Housing Units | 578 ( 5.9%) |
| Median Home Value | $326,350 |
| Average Home Value | $391,076 |
Housing Distribution
Address Breakdown
Residential
8,977
Single Family
8,977
Multi-Family
0
Businesses
194
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Listed by: Arthur Chung • EveryState, Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #43320274
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