7966 Matthew Steven DrConroeTX77306
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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 7966 Matthew Steven Dr, Conroe, TX, 77306 offers a 9.5% rental yield on a $130,000 purchase with $1,029/mo rent. Total monthly income registers $1,029/mo, and a $636/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,258/yr on $43,095 to close, and return on cash invested stands at 22.83% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 119.71% and total cumulative return in cash at $51,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,029/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2016
0.38 Acres lot
$N/A/sqft
No 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: Ty Coleman • Connect Realty.com
Mls Name: HAR
Mls Provider:
Mls ID: #92481777
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