29318 Waltham StSpringTX77386
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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 29318 Waltham St, Spring, TX, 77386 uses $77,737 cash to close to unlock $5,339/yr annual cash flow and $445/mo monthly cash flow. Total monthly income runs $2,144/mo, and a $1,148/mo payment keeps the spread at $445/mo. Purchase price stands at $234,500, and rental yield measures 10.97% with $2,144/mo rent. Return on cash invested shows 26.78% in year one, and 5% annual appreciation builds toward $64,788 over five years. Five-year ROI reaches 141.05% and total cumulative return in cash records $109,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,144/mo property income covering a $1,148/mo payment rather than investor’s personal income.
Single Family
Built in 1974
7,962 sqft lot
$N/A/sqft
$375 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: Christine Hale • RE/MAX The Woodlands & Spring
Mls Name: HAR
Mls Provider:
Mls ID: #96802069
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