24918 Northampton Forest DrSpringTX77389
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 24918 Northampton Forest Dr, Spring, TX, 77389 uses $329,000 cash to close to unlock $3,160/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $7,409/mo, and a $4,895/mo payment keeps the spread at $263/mo. Purchase price stands at $999,999, and rental yield measures 8.89% with $7,409/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $276,281 over five years. Five-year ROI reaches 110.04% and total cumulative return in cash records $362,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,409/mo property income covering a $4,895/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.29 Acres lot
$N/A/sqft
$420 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawnta Mitchell • Texas Ally Real Estate Group, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #48753560
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.