9407 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
Rental property for sale in Conroe at 9407 Hard Rock Rd, Conroe, TX, 77303 offers $2,350/mo rent that, after a $1,171/mo payment, leaves $603/mo cash flow. Total monthly income is $2,350/mo, and annual cash flow is $7,233/yr on $79,329 cash. Return on cash invested measures 29.03% in year one, and rental yield stands at 11.78% at a $239,303 entry. Equity gained on principal adds $1,544/yr while 5% annual appreciation compounds into $66,115 by year five. Five-year ROI records 153.19% and total cumulative return in cash reaches $121,523. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,350/mo property income versus a $1,171/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,800 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: Teri Walter • K. Hovnanian Homes
Mls Name: HAR
Mls Provider:
Mls ID: #24154708
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.