11 Spiceberry PlSpringTX77382
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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 Spring at 11 Spiceberry Pl, Spring, TX, 77382 priced at $1,150,000 converts $4,408/mo rent into after a $5,629/mo obligation. Total monthly income equals $4,408/mo. Return on cash invested prints 8.23% in year one, and rental yield reads 4.6% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 41.34% and total cumulative return in cash sums $154,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,408/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77382, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,003 (100%) |
| Owner Occupied HU | 10,318 (73.7%) |
| Renter Occupied HU | 3,029 (21.6%) |
| Vacant Housing Units | 656 ( 4.7%) |
| Median Home Value | $573,705 |
| Average Home Value | $681,922 |
Housing Distribution
Address Breakdown
Residential
13,684
Single Family
12,331
Multi-Family
1,353
Businesses
297
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Listed by: Lisa Clifford • Better Homes and Gardens Real Estate Gary Greene - The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #71342850
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