23114 Goodfellow DrSpringTX77373
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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 23114 Goodfellow Dr, Spring, TX, 77373 uses $75,914 cash to close to unlock $4,627/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,045/mo, and a $1,121/mo payment keeps the spread at $386/mo. Purchase price stands at $229,000, and rental yield measures 10.72% with $2,045/mo rent. Return on cash invested shows 26% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 136.95% and total cumulative return in cash records $103,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,045/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1977
7,200 sqft lot
$N/A/sqft
$370 annually 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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Listed by: Alicia Grifaldo • Redfin Corporation
Mls Name: HAR
Mls Provider:
Mls ID: #2031915
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