6123 White Spruce 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 6123 White Spruce Dr, Conroe, TX, 77304 priced at $347,900 converts $2,710/mo rent into $169/mo cash flow after a $1,703/mo obligation. Total monthly income equals $2,710/mo, and annual cash flow totals $2,030/yr on $115,329 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 9.35% against a $347,900 entry. Equity gained on principal adds $2,245/yr, while 5% annual appreciation compiles into $96,118 by year five. Five-year ROI reaches 113.78% and total cumulative return in cash sums $131,223. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,710/mo property income covering a $1,703/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,638 sqft lot
$N/A/sqft
$800 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: Jack Lipar • LGI Homes
Mls Name: HAR
Mls Provider:
Mls ID: #66066066
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