23314 Newgate DrSpringTX77373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 23314 Newgate Dr, Spring, TX, 77373 listed at $197,700 pairs $2,036/mo rent with a $968/mo payment to leave $604/mo cash flow. Total monthly income runs $2,036/mo, and annual cash flow reaches $7,245/yr on $65,538 cash to close. Return on cash invested measures 30.96% in year one, and rental yield registers 12.36% at a $197,700 basis. Equity gained on principal adds $1,276/yr, and annual property appreciation at 5% supports $54,621 by year five. Five-year ROI tracks 163.5% and total cumulative return in cash totals $107,154. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,036/mo property income relative to a $968/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
6,600 sqft lot
$N/A/sqft
$26 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices