2803 Lockeridge Place 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
Investment property for sale in Spring at 2803 Lockeridge Place Dr, Spring, TX, 77386 earns $972/mo cash flow from $4,040/mo rent with a $2,080/mo payment. Total monthly income totals $4,040/mo, and annual cash flow totals $11,665/yr on $140,888 capital. ROI tracks 28.19% on current figures, and rental yield reads 11.41% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 148.62% and total cumulative return in cash sums $209,381. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,040/mo property income instead of your personal income.
Single Family
Built in 2007
8,829 sqft lot
$N/A/sqft
$550 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
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Listed by: Sarah Cruse • Real Broker, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #70050807
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