16723 Scenic Gardens 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 16723 Scenic Gardens Dr, Spring, TX, 77379 earns $395/mo cash flow from $3,055/mo rent with a $1,831/mo payment. Total monthly income totals $3,055/mo, and annual cash flow totals $4,740/yr on $123,981 capital. ROI tracks 23.73% on current figures, and rental yield reads 9.8% at a $374,000 purchase. Equity gained on principal adds $2,413/yr, and 5% annual appreciation supports $103,329 over five years. Five-year ROI reaches 124.55% and total cumulative return in cash sums $154,417. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,055/mo property income instead of your personal income.
Single Family
Built in 1991
N/A 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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