24818 Corbin Gate DrSpringTX77389
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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 24818 Corbin Gate Dr, Spring, TX, 77389 offers a 9.39% rental yield on a $473,900 purchase with $3,709/mo rent. Total monthly income registers $3,709/mo, and a $2,320/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,062/yr on $157,098 to close, and return on cash invested stands at 22.49% in year one. Equity gained on principal adds $3,058/yr while 5% annual appreciation supports $130,930 over five years. Portfolio math shows five-year ROI at 117.92% and total cumulative return in cash at $185,253. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,709/mo property income against a $2,320/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
8,346 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77389, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,120 (100%) |
| Owner Occupied HU | 11,222 (65.5%) |
| Renter Occupied HU | 4,904 (28.6%) |
| Vacant Housing Units | 994 ( 5.8%) |
| Median Home Value | $435,407 |
| Average Home Value | $525,589 |
Housing Distribution
Address Breakdown
Residential
16,873
Single Family
13,822
Multi-Family
3,051
Businesses
535
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