2414 Fern Lacy CtSpringTX77388
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 2414 Fern Lacy Ct, Spring, TX, 77388 with 5% annual appreciation on a $296,900 basis while $2,518/mo rent supports operations. Total monthly income totals $2,518/mo and a $1,453/mo payment preserves $374/mo for cash returns. Annual cash flow comes to $4,486/yr on $98,422 deployed, and return on cash invested reaches 24.47% in year one. Equity gained on principal adds $1,916/yr, and five-year appreciation sums $82,028 alongside rental yield of 10.18%. Five-year ROI measures 128.63% and total cumulative return in cash totals $126,599.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,518/mo property income versus a $1,453/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
7,710 sqft lot
$N/A/sqft
$33 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77388, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,715 (100%) |
| Owner Occupied HU | 13,203 (60.8%) |
| Renter Occupied HU | 6,603 (30.4%) |
| Vacant Housing Units | 1,909 ( 8.8%) |
| Median Home Value | $297,472 |
| Average Home Value | $332,880 |
Housing Distribution
Address Breakdown
Residential
19,371
Single Family
15,697
Multi-Family
3,674
Businesses
1,160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices