83 Chestnut Meadow DrConroeTX77384
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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 83 Chestnut Meadow Dr, Conroe, TX, 77384 listed at $585,000 pairs $3,689/mo rent with a $2,863/mo payment. Total monthly income runs $3,689/mo. Return on cash invested measures 16.74% in year one, and rental yield registers 7.57% at a $585,000 basis. Equity gained on principal adds $3,775/yr, and annual property appreciation at 5% supports $161,625 by year five. Five-year ROI tracks 87.15% and total cumulative return in cash totals $167,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,689/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
8,969 sqft lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77384, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,192 (100%) |
| Owner Occupied HU | 7,349 (55.7%) |
| Renter Occupied HU | 4,797 (36.4%) |
| Vacant Housing Units | 1,046 ( 7.9%) |
| Median Home Value | $435,407 |
| Average Home Value | $514,757 |
Housing Distribution
Address Breakdown
Residential
13,283
Single Family
8,292
Multi-Family
4,991
Businesses
691
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Listed by: Kimberly Vargas • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #18545066
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