3318 Candlelon DrSpringTX77388
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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 3318 Candlelon Dr, Spring, TX, 77388 uses $120,998 cash to close to unlock $8,970/yr annual cash flow and $747/mo monthly cash flow. Total monthly income runs $3,397/mo, and a $1,786/mo payment keeps the spread at $747/mo. Purchase price stands at $365,000, and rental yield measures 11.17% with $3,397/mo rent. Return on cash invested shows 27.32% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 144.01% and total cumulative return in cash records $174,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,397/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1979
10,092 sqft lot
$N/A/sqft
$653 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77388, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,715 (100%) |
| Owner Occupied HU | 13,203 (60.8%) |
| Renter Occupied HU | 6,603 (30.4%) |
| Vacant Housing Units | 1,909 ( 8.8%) |
| Median Home Value | $297,472 |
| Average Home Value | $332,880 |
Housing Distribution
Address Breakdown
Residential
19,371
Single Family
15,697
Multi-Family
3,674
Businesses
1,160
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Listed by: Laura Lea Smith • Coldwell Banker Apex, REALTORS LLC
Mls Name: HAR
Mls Provider:
Mls ID: #77508062
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