23010 Grand Rapids LnSpringTX77373
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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 23010 Grand Rapids Ln, Spring, TX, 77373 earns $169/mo cash flow from $1,520/mo rent with a $930/mo payment. Total monthly income totals $1,520/mo, and annual cash flow totals $2,026/yr on $62,985 capital. ROI tracks 23.13% on current figures, and rental yield reads 9.6% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 121.29% and total cumulative return in cash sums $76,392. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,520/mo property income instead of your personal income.
Single Family
Built in 1978
8,637 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77373, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,265 (100%) |
| Owner Occupied HU | 18,365 (69.9%) |
| Renter Occupied HU | 6,633 (25.3%) |
| Vacant Housing Units | 1,267 ( 4.8%) |
| Median Home Value | $258,193 |
| Average Home Value | $296,393 |
Housing Distribution
Address Breakdown
Residential
25,827
Single Family
23,355
Multi-Family
2,472
Businesses
998
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