27715 Ossineke DrSpringTX77386
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 27715 Ossineke Dr, Spring, TX, 77386 in Spring. Rental yield 5.34%. At $1,399,900 with 5.34% gross yield, current distributions are modest, but the 5% appreciation rate projects $386,767 in new equity by year five, complemented by $12,893/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.99) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $289,471.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.1% |
| Monthly Cash Flow | $(3,846) | $1,850 |
City averages based on Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,234 |
| Total Monthly Debt Service | $9,523 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
1.03 Acres lot
$N/A/sqft
$1,500 annually 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
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
Single Family
Built in 2015
1.03 Acres lot
$N/A/sqft
$1,500 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Scanlin • Styled Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #4021312
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