Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 16922 Colony Creek Dr, Spring, TX, 77379 offers a 11.64% rental yield on a $249,900 purchase with $2,424/mo rent. Total monthly income registers $2,424/mo, and a $1,223/mo payment leaves $614/mo available for distribution. Annual cash flow reaches $7,367/yr on $82,842 to close, and return on cash invested stands at 28.8% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 151.93% and total cumulative return in cash at $125,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,424/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
8,581 sqft lot
$N/A/sqft
$350 annually 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 |
|---|---|---|
| 2024-12-04 | Price change | $249,900 |
| 2024-11-21 | Listed for sale | $269,000 |
| 2024-11-20 | Pending sale | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $239,891 | N/A |
| 2023-12-27 | $4197.05 | 4.54% | $239,891 | 8.73% |
| 2022-12-27 | $4014.88 | N/A | $220,629 | 27.02% |
Listed by: Walter Cole • Coldwell Banker Realty - Lake Conroe/Willis
Mls Name: HAR
Mls Provider:
Mls ID: #45291853
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.
