28602 Water Park WaySpringTX77386
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 28602 Water Park Way, Spring, TX, 77386 listed at $1,385,000 pairs $4,917/mo rent with a $6,779/mo payment. Total monthly income runs $4,917/mo. Return on cash invested measures 6.93% in year one, and rental yield registers 4.26% at a $1,385,000 basis. Equity gained on principal adds $8,937/yr, and annual property appreciation at 5% supports $382,650 by year five. Five-year ROI tracks 34.48% and total cumulative return in cash totals $154,718. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,917/mo property income relative to a $6,779/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
1.05 Acres lot
$N/A/sqft
$1,120 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: Wendy Ahmad • RE/MAX Integrity
Mls Name: HAR
Mls Provider:
Mls ID: #12465810
Disclaimer: Copyright 2025, 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.