23331 Balthasar StSpringTX77373
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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 Spring at 23331 Balthasar St, Spring, TX, 77373 generates $2,051/mo in rent and, after a $1,104/mo payment, leaves $416/mo in cash flow. Total monthly income is $2,051/mo, and annual cash flow is $4,994/yr on $74,753 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 10.91% on a $225,500 entry. Equity gained on principal adds $1,455/yr, while 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 140.12% and total cumulative return in cash sums $104,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,051/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
6,577 sqft lot
$N/A/sqft
$31 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
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