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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spring at 16914 Chapel Pines Dr #119, Spring, TX, 77379 listed at $199,000 pairs $1,987/mo rent with a $974/mo payment to leave $171/mo cash flow. Total monthly income runs $1,987/mo, and annual cash flow reaches $2,051/yr on $65,969 cash to close. Return on cash invested measures 23.02% in year one, and rental yield registers 11.98% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 123.38% and total cumulative return in cash totals $81,390. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,987/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
13.61 Acres lot
$N/A/sqft
$401 monthly HOA
Neighborhood data shown for ZIP Code: 77379, Spring, TX area.
| 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 |
Residential
31,197
Single Family
25,921
Multi-Family
5,276
Businesses
1,837
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Price change | $199,000 |
| 2024-08-20 | Listed for sale | $209,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-22 | $3164.62 | -5.46% | $185,477 | 4.75% |
| 2022-10-22 | $3347.25 | N/A | $177,072 | 17.38% |
| 2021-10-22 | N/A | N/A | $150,857 | 11.15% |
Listed by: Bob DiTullio • Better Homes and Gardens Real Estate Gary Greene - Champions
Mls Name: HAR
Mls Provider:
Mls ID: #12720410
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.
