940 Fife DrConroeTX77301
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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 940 Fife Dr, Conroe, TX, 77301 earns $290/mo cash flow from $2,610/mo rent with a $1,566/mo payment. Total monthly income totals $2,610/mo, and annual cash flow totals $3,481/yr on $106,080 capital. ROI tracks 23.19% on current figures, and rental yield reads 9.79% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 121.87% and total cumulative return in cash sums $129,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,610/mo property income instead of your personal income.
Single Family
Built in 2007
7,187 sqft lot
$N/A/sqft
$535 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77301, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,382 (100%) |
| Owner Occupied HU | 8,471 (55.1%) |
| Renter Occupied HU | 5,818 (37.8%) |
| Vacant Housing Units | 1,093 ( 7.1%) |
| Median Home Value | $261,481 |
| Average Home Value | $328,172 |
Housing Distribution
Address Breakdown
Residential
14,264
Single Family
11,464
Multi-Family
2,800
Businesses
1,784
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Listed by: Adam Olsen • eXp Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #64390015
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