30 Merit Woods PlSpringTX77382
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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 30 Merit Woods Pl, Spring, TX, 77382 earns $735/mo cash flow from $4,992/mo rent with a $2,930/mo payment. Total monthly income totals $4,992/mo, and annual cash flow totals $8,819/yr on $196,972 capital. ROI tracks 24.54% on current figures, and rental yield reads 10.01% at a $598,700 purchase. Equity gained on principal adds $3,863/yr, and 5% annual appreciation supports $165,410 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash sums $253,788. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,992/mo property income instead of your personal income.
Single Family
Built in 1996
8,084 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77382, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,003 (100%) |
| Owner Occupied HU | 10,318 (73.7%) |
| Renter Occupied HU | 3,029 (21.6%) |
| Vacant Housing Units | 656 ( 4.7%) |
| Median Home Value | $573,705 |
| Average Home Value | $681,922 |
Housing Distribution
Address Breakdown
Residential
13,684
Single Family
12,331
Multi-Family
1,353
Businesses
297
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Listed by: Michael Seder • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #20301007
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