28109 Steepleridge CtSpringTX77386
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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 28109 Steepleridge Ct, Spring, TX, 77386 offers a 9.61% rental yield on a $420,000 purchase with $3,364/mo rent. Total monthly income registers $3,364/mo, and a $2,056/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,524/yr on $139,230 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 121.47% and total cumulative return in cash at $169,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,364/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,426 sqft lot
$N/A/sqft
No 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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