604 Wexford DrConroeTX77303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 604 Wexford Dr, Conroe, TX, 77303 generates $1,560/mo in rent and, after a $1,003/mo payment, leaves $103/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $1,231/yr on $67,958 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 9.13% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 113.8% and total cumulative return in cash sums $77,334. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Manufactured
Built in 2016
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darla Wallace • BRAVA Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1858879
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.