23303 Ridge Spring DrNew CaneyTX77357
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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
Rental property for sale in New Caney at 23303 Ridge Spring Dr, New Caney, TX, 77357 generates $3,966/mo in rent and, after a $2,374/mo payment, leaves $450/mo in cash flow. Total monthly income is $3,966/mo, and annual cash flow is $5,403/yr on $160,778 invested. Return on cash invested sits at 23.27% in year one, and rental yield is 9.81% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 122.26% and total cumulative return in cash sums $196,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,966/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.27 Acres lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77357, New Caney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,646 (100%) |
| Owner Occupied HU | 12,426 (74.6%) |
| Renter Occupied HU | 2,795 (16.8%) |
| Vacant Housing Units | 1,425 ( 8.6%) |
| Median Home Value | $324,310 |
| Average Home Value | $342,586 |
Housing Distribution
Address Breakdown
Residential
15,078
Single Family
14,889
Multi-Family
189
Businesses
691
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Listed by: Corey Hunt • 1st Class Real Estate Elevate
Mls Name: HAR
Mls Provider:
Mls ID: #36607078
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