24046 Spring Gum 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 24046 Spring Gum Dr, Spring, TX, 77373 earns $739/mo cash flow from $2,185/mo rent with a $983/mo payment. Total monthly income totals $2,185/mo, and annual cash flow totals $8,864/yr on $66,598 capital. ROI tracks 33.22% on current figures, and rental yield reads 13.05% at a $200,900 purchase. Equity gained on principal adds $1,296/yr, and 5% annual appreciation supports $55,505 over five years. Five-year ROI reaches 175.56% and total cumulative return in cash sums $116,918. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,185/mo property income instead of your personal income.
Single Family
Built in 1983
6,599 sqft lot
$N/A/sqft
$18 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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