18803 Oakway DrSpringTX77388
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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 18803 Oakway Dr, Spring, TX, 77388 uses $116,024 cash to close to unlock $3,950/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,818/mo, and a $1,713/mo payment keeps the spread at $329/mo. Purchase price stands at $349,997, and rental yield measures 9.66% with $2,818/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 122.34% and total cumulative return in cash records $141,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,818/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1976
8,999 sqft lot
$N/A/sqft
No 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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