21214 Castlemont 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 21214 Castlemont Ln, Spring, TX, 77388 offers a 12.81% rental yield on a $221,700 purchase with $2,366/mo rent. Total monthly income registers $2,366/mo, and a $1,085/mo payment leaves $734/mo available for distribution. Annual cash flow reaches $8,803/yr on $73,494 to close, and return on cash invested stands at 31.89% in year one. Equity gained on principal adds $1,431/yr while 5% annual appreciation supports $61,252 over five years. Portfolio math shows five-year ROI at 168.64% and total cumulative return in cash at $123,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,366/mo property income against a $1,085/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.27 Acres lot
$N/A/sqft
$56 monthly 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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