215 E Rainbow Ridge CirSpringTX77381
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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 215 E Rainbow Ridge Cir, Spring, TX, 77381 with 5% annual appreciation on a $479,900 basis while $3,758/mo rent supports operations. Total monthly income totals $3,758/mo and a $2,349/mo payment preserves $345/mo for cash returns. Annual cash flow comes to $4,143/yr on $159,087 deployed, and return on cash invested reaches 22.51% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,588 alongside rental yield of 9.4%. Five-year ROI measures 118.04% and total cumulative return in cash totals $187,785.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,758/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
8,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77381, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,967 (100%) |
| Owner Occupied HU | 10,225 (73.2%) |
| Renter Occupied HU | 3,242 (23.2%) |
| Vacant Housing Units | 500 ( 3.6%) |
| Median Home Value | $484,769 |
| Average Home Value | $562,286 |
Housing Distribution
Address Breakdown
Residential
14,028
Single Family
11,924
Multi-Family
2,104
Businesses
519
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