998 Briac LnConroeTX77301
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 998 Briac Ln, Conroe, TX, 77301 offers $3,382/mo rent that, after a $3,355/mo payment. Total monthly income is $3,382/mo. Return on cash invested measures 12.12% in year one, and rental yield stands at 5.92% at a $685,500 entry. Equity gained on principal adds $4,423/yr while 5% annual appreciation compounds into $189,391 by year five. Five-year ROI records 62.26% and total cumulative return in cash reaches $140,411. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,382/mo property income versus a $3,355/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
9,670 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices