7397 Teaswood 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 7397 Teaswood Dr, Conroe, TX, 77304 priced at $950,000 converts $5,828/mo rent into after a $4,650/mo obligation. Total monthly income equals $5,828/mo. Return on cash invested prints 15.99% in year one, and rental yield reads 7.36% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 83.17% and total cumulative return in cash sums $259,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,828/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 1996
2.76 Acres lot
$N/A/sqft
$1,600 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: Cortney Cole-Hall • Martha Turner Sotheby's International Realty
Mls Name: HAR
Mls Provider:
Mls ID: #41160778
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