589 Texas ParkConroeTX77302
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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 589 Texas Park, Conroe, TX, 77302 with 5% annual appreciation on a $359,900 basis while $3,746/mo rent supports operations. Total monthly income totals $3,746/mo and a $1,762/mo payment preserves $1,041/mo for cash returns. Annual cash flow comes to $12,496/yr on $119,307 deployed, and return on cash invested reaches 30.38% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 12.49%. Five-year ROI measures 160.77% and total cumulative return in cash totals $191,810.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,746/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.29 Acres lot
$N/A/sqft
$271 quarterly 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: Elizabeth Wallace • Compass RE Texas, LLC - The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #55262190
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