2344 W Settlers WaySpringTX77380
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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 2344 W Settlers Way, Spring, TX, 77380 uses $104,423 cash to close to unlock $7,485/yr annual cash flow and $624/mo monthly cash flow. Total monthly income runs $2,864/mo, and a $1,542/mo payment keeps the spread at $624/mo. Purchase price stands at $315,000, and rental yield measures 10.91% with $2,864/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 142.49% and total cumulative return in cash records $148,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,864/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
1,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77380, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,139 (100%) |
| Owner Occupied HU | 5,064 (31.4%) |
| Renter Occupied HU | 9,258 (57.4%) |
| Vacant Housing Units | 1,817 (11.3%) |
| Median Home Value | $480,318 |
| Average Home Value | $609,099 |
Housing Distribution
Address Breakdown
Residential
15,423
Single Family
7,374
Multi-Family
8,049
Businesses
2,755
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