2 Black Cormorant PlSpringTX77380
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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 2 Black Cormorant Pl, Spring, TX, 77380 earns from $5,720/mo rent with a $4,643/mo payment. Total monthly income totals $5,720/mo. ROI tracks 14.77% on current figures, and rental yield reads 7.24% at a $948,700 purchase. Equity gained on principal adds $6,122/yr, and 5% annual appreciation supports $262,108 over five years. Five-year ROI reaches 76.95% and total cumulative return in cash sums $240,169. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,720/mo property income instead of your personal income.
Single Family
Built in 2014
4,660 sqft lot
$N/A/sqft
$4,201 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77380, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,139 (100%) |
| Owner Occupied HU | 5,064 (31.4%) |
| Renter Occupied HU | 9,258 (57.4%) |
| Vacant Housing Units | 1,817 (11.3%) |
| Median Home Value | $480,318 |
| Average Home Value | $609,099 |
Housing Distribution
Address Breakdown
Residential
15,423
Single Family
7,374
Multi-Family
8,049
Businesses
2,755
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Listed by: Michael Seder • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #29086076
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