124 Chestnut BaySpringTX77382
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 124 Chestnut Bay, Spring, TX, 77382 in Spring achieves a 1.60 ratio at $497,500: $3,590/mo rent versus $2,237/mo debt service. Rental yield 8.66%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.66% yield compounds alongside 5% annual appreciation projecting $137,450 in value. Total projected cumulative return: $176,410.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.1% |
| Monthly Cash Flow | $(241) | $1,850 |
City averages based on Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,590 |
| Total Monthly Debt Service | $3,633 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2019
6,660 sqft lot
$N/A/sqft
$3,520 annually 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
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
Single Family
Built in 2019
6,660 sqft lot
$N/A/sqft
$3,520 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Thorpe • RE/MAX Integrity
Mls Name: HAR
Mls Provider:
Mls ID: #29794827
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