The Shannon Plan, Madison BendConroeTX77304
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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
Rental property for sale in Conroe at The Shannon Plan, Madison Bend, Conroe, TX, 77304 priced at $284,990 converts $2,576/mo rent into $549/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,576/mo, and annual cash flow totals $6,591/yr on $94,474 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 10.85% against a $284,990 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,737 by year five. Five-year ROI reaches 141.49% and total cumulative return in cash sums $133,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,576/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77304, Conroe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,022 (100%) |
| Owner Occupied HU | 12,097 (54.9%) |
| Renter Occupied HU | 7,680 (34.9%) |
| Vacant Housing Units | 2,245 (10.2%) |
| Median Home Value | $383,902 |
| Average Home Value | $451,552 |
Housing Distribution
Address Breakdown
Residential
19,796
Single Family
13,347
Multi-Family
6,449
Businesses
1,250
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