23242 Canyon Lake 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 23242 Canyon Lake Dr, Spring, TX, 77373 uses $104,423 cash to close to unlock $3,489/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $2,531/mo, and a $1,542/mo payment keeps the spread at $291/mo. Purchase price stands at $315,000, and rental yield measures 9.64% with $2,531/mo rent. Return on cash invested shows 23.25% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 121.97% and total cumulative return in cash records $127,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,531/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,557 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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