722 Somerset StConroeTX77302
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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 722 Somerset St, Conroe, TX, 77302 offers $4,022/mo rent that, after a $2,251/mo payment, leaves $671/mo cash flow. Total monthly income is $4,022/mo, and annual cash flow is $8,056/yr on $152,490 cash. Return on cash invested measures 25.19% in year one, and rental yield stands at 10.49% at a $460,000 entry. Equity gained on principal adds $2,968/yr while 5% annual appreciation compounds into $127,090 by year five. Five-year ROI records 132.62% and total cumulative return in cash reaches $202,225. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,022/mo property income versus a $2,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.57 Acres lot
$N/A/sqft
$240 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: Kathleen Montes • Executive Texas Realty
Mls Name: HAR
Mls Provider:
Mls ID: #32617522
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