23815 Firegate 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 23815 Firegate Dr, Spring, TX, 77373 offers a 9.21% rental yield on a $159,900 purchase with $1,227/mo rent. Total monthly income registers $1,227/mo, and a $783/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,075/yr on $53,007 to close, and return on cash invested stands at 21.94% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 114.95% and total cumulative return in cash at $60,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,227/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
7,701 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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