6686 Waukegan RdConroeTX77306
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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 6686 Waukegan Rd, Conroe, TX, 77306 uses $69,284 cash to close to unlock $4,626/yr annual cash flow and $385/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $1,023/mo payment keeps the spread at $385/mo. Purchase price stands at $209,000, and rental yield measures 10.92% with $1,902/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 140.09% and total cumulative return in cash records $97,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
0.42 Acres lot
$N/A/sqft
$363 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77306, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,534 (100%) |
| Owner Occupied HU | 4,724 (72.3%) |
| Renter Occupied HU | 1,192 (18.2%) |
| Vacant Housing Units | 618 ( 9.5%) |
| Median Home Value | $239,811 |
| Average Home Value | $291,168 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,701
Multi-Family
0
Businesses
213
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Listed by: Obed Romero • 2M Realty Advisors, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #19070569
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