17615 Loring LnSpringTX77388
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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 17615 Loring Ln, Spring, TX, 77388 offers a 8.96% rental yield on a $325,000 purchase with $2,427/mo rent. Total monthly income registers $2,427/mo, and a $1,591/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $798/yr on $107,738 to close, and return on cash invested stands at 20.65% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 108.24% and total cumulative return in cash at $116,617. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,427/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.26 Acres lot
$N/A/sqft
$589 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77388, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,715 (100%) |
| Owner Occupied HU | 13,203 (60.8%) |
| Renter Occupied HU | 6,603 (30.4%) |
| Vacant Housing Units | 1,909 ( 8.8%) |
| Median Home Value | $297,472 |
| Average Home Value | $332,880 |
Housing Distribution
Address Breakdown
Residential
19,371
Single Family
15,697
Multi-Family
3,674
Businesses
1,160
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Listed by: Rachel Merks • Home Sweet Home Real Estate Group
Mls Name: HAR
Mls Provider:
Mls ID: #5910712
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