3287 Old Ironwood 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 3287 Old Ironwood Dr, Spring, TX, 77386 uses $129,683 cash to close to unlock $4,451/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $3,210/mo, and a $1,915/mo payment keeps the spread at $371/mo. Purchase price stands at $391,200, and rental yield measures 9.85% with $3,210/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $108,081 over five years. Five-year ROI reaches 122.64% and total cumulative return in cash records $159,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,210/mo property income covering a $1,915/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,000 sqft lot
$N/A/sqft
$683 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: Jared Turner • Coventry Homes
Mls Name: HAR
Mls Provider:
Mls ID: #69918546
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