16603 Victoria Falls DrSpringTX77379
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
Investment Highlights
Investment property for sale in Spring at 16603 Victoria Falls Dr, Spring, TX, 77379 uses $281,295 cash to close to unlock $3,726/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $6,799/mo, and a $4,185/mo payment keeps the spread at $310/mo. Purchase price stands at $855,000, and rental yield measures 9.54% with $6,799/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $236,221 over five years. Five-year ROI reaches 112.57% and total cumulative return in cash records $316,663. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,799/mo property income covering a $4,185/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.30 Acres lot
$N/A/sqft
$2,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77379, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,204 (100%) |
| Owner Occupied HU | 22,558 (67.9%) |
| Renter Occupied HU | 8,869 (26.7%) |
| Vacant Housing Units | 1,777 ( 5.4%) |
| Median Home Value | $356,303 |
| Average Home Value | $400,335 |
Housing Distribution
Address Breakdown
Residential
31,197
Single Family
25,921
Multi-Family
5,276
Businesses
1,837
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Hixenbaugh • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #62706836
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.