1223 Spring Apple CtHoustonTX77073
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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 Houston at 1223 Spring Apple Ct, Houston, TX, 77073 offers a 8.79% rental yield on a $210,000 purchase with $1,538/mo rent. Total monthly income registers $1,538/mo, and a $1,028/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $184/yr on $69,615 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 105.71% and total cumulative return in cash at $73,588. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,538/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
5,264 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77073, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,781 (100%) |
| Owner Occupied HU | 8,928 (53.2%) |
| Renter Occupied HU | 6,564 (39.1%) |
| Vacant Housing Units | 1,289 ( 7.7%) |
| Median Home Value | $211,779 |
| Average Home Value | $253,934 |
Housing Distribution
Address Breakdown
Residential
14,839
Single Family
11,089
Multi-Family
3,750
Businesses
810
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Listed by: Inder Thandi • Careways Realty & Mgmt. Co. Inderjit S. Thandi
Mls Name: HAR
Mls Provider:
Mls ID: #9442931
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