2703 Morning Leaf CtSpringTX77388
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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 2703 Morning Leaf Ct, Spring, TX, 77388 generates $2,716/mo in rent, after a $1,999/mo payment. Total monthly income is $2,716/mo. Return on cash invested sits at 17.87% in year one, and rental yield is 7.98% on a $408,500 entry. Equity gained on principal adds $2,636/yr, while 5% annual appreciation builds toward $112,861 over five years. Five-year ROI reaches 93.24% and total cumulative return in cash sums $126,260. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,716/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.29 Acres lot
$N/A/sqft
$500 annually 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
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Listed by: April Reyes • RE/MAX Associates Northeast
Mls Name: HAR
Mls Provider:
Mls ID: #49947630
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