9392 Hard Rock RdConroeTX77303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9392 Hard Rock Rd, Conroe, TX, 77303 uses $91,101 cash to close to unlock $2,640/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,345/mo payment keeps the spread at $220/mo. Purchase price stands at $274,815, and rental yield measures 9.69% with $2,220/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $75,926 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash records $109,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,345/mo payment rather than investor’s personal income.
Single Family
Built in 2023
5,004 sqft lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77303, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 6,547 (68.4%) |
| Renter Occupied HU | 2,463 (25.7%) |
| Vacant Housing Units | 567 ( 5.9%) |
| Median Home Value | $305,121 |
| Average Home Value | $343,028 |
Housing Distribution
Address Breakdown
Residential
9,827
Single Family
8,708
Multi-Family
1,119
Businesses
447
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared Turner • Ashton Woods
Mls Name: HAR
Mls Provider:
Mls ID: #96472315
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.