16318 Spinnaker DrCrosbyTX77532
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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 Crosby at 16318 Spinnaker Dr, Crosby, TX, 77532 uses $71,007 cash to close to unlock $6,854/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $2,144/mo, and a $1,048/mo payment keeps the spread at $571/mo. Purchase price stands at $214,200, and rental yield measures 12.01% with $2,144/mo rent. Return on cash invested shows 29.56% in year one, and 5% annual appreciation builds toward $59,180 over five years. Five-year ROI reaches 156.17% and total cumulative return in cash records $110,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,144/mo property income covering a $1,048/mo payment rather than investor’s personal income.
Single Family
Built in 1976
9,243 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77532, Crosby, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,959 (100%) |
| Owner Occupied HU | 10,830 (77.6%) |
| Renter Occupied HU | 2,376 (17.0%) |
| Vacant Housing Units | 753 ( 5.4%) |
| Median Home Value | $295,326 |
| Average Home Value | $329,899 |
Housing Distribution
Address Breakdown
Residential
13,454
Single Family
13,004
Multi-Family
450
Businesses
669
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