18023 Fernbluff DrSpringTX77379
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 18023 Fernbluff Dr, Spring, TX, 77379 uses $135,584 cash to close to unlock $5,311/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $3,412/mo, and a $2,002/mo payment keeps the spread at $443/mo. Purchase price stands at $409,000, and rental yield measures 10.01% with $3,412/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash records $169,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,412/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 1983
9,600 sqft lot
$N/A/sqft
$730 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grixie Lozano • Nextgen Real Estate Properties
Mls Name: HAR
Mls Provider:
Mls ID: #49132019
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.