247 Castlewood DrSpringTX77386
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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 247 Castlewood Dr, Spring, TX, 77386 offers $2,364/mo rent that, after a $1,627/mo payment. Total monthly income is $2,364/mo. Return on cash invested measures 19.91% in year one, and rental yield stands at 8.53% at a $332,500 entry. Equity gained on principal adds $2,146/yr while 5% annual appreciation compounds into $91,864 by year five. Five-year ROI records 104.04% and total cumulative return in cash reaches $114,676. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,364/mo property income versus a $1,627/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77386, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,626 (100%) |
| Owner Occupied HU | 18,540 (75.3%) |
| Renter Occupied HU | 4,987 (20.3%) |
| Vacant Housing Units | 1,099 ( 4.5%) |
| Median Home Value | $383,165 |
| Average Home Value | $437,179 |
Housing Distribution
Address Breakdown
Residential
24,337
Single Family
22,086
Multi-Family
2,251
Businesses
851
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