18835 Elegance AveSpringTX77379
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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 18835 Elegance Ave, Spring, TX, 77379 offers a 11.32% rental yield on a $236,999 purchase with $2,236/mo rent. Total monthly income registers $2,236/mo, and a $1,160/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,741/yr on $78,565 to close, and return on cash invested stands at 27.22% in year one. Equity gained on principal adds $1,529/yr while 5% annual appreciation supports $65,478 over five years. Portfolio math shows five-year ROI at 143.66% and total cumulative return in cash at $112,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,236/mo property income against a $1,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2019
1,402 sqft lot
$N/A/sqft
$867 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
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Listed by: Rachel McBee-Moore • McBee-Moore Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #48086495
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