16622 Dover Mills DrSpringTX77379
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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 Spring at 16622 Dover Mills Dr, Spring, TX, 77379 listed at $354,990 pairs $2,918/mo rent with a $1,738/mo payment to leave $394/mo cash flow. Total monthly income runs $2,918/mo, and annual cash flow reaches $4,729/yr on $117,679 cash to close. Return on cash invested measures 23.93% in year one, and rental yield registers 9.86% at a $354,990 basis. Equity gained on principal adds $2,291/yr, and annual property appreciation at 5% supports $98,077 by year five. Five-year ROI tracks 125.63% and total cumulative return in cash totals $147,836. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,918/mo property income relative to a $1,738/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
8,298 sqft lot
$N/A/sqft
No 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
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