34 W Trace Creek DrSpringTX77381
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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
Rental property for sale in Spring at 34 W Trace Creek Dr, Spring, TX, 77381 offers $3,503/mo rent that, after a $2,398/mo payment, leaves $19/mo cash flow. Total monthly income is $3,503/mo, and annual cash flow is $226/yr on $162,432 cash. Return on cash invested measures 20.05% in year one, and rental yield stands at 8.58% at a $489,990 entry. Equity gained on principal adds $3,162/yr while 5% annual appreciation compounds into $135,375 by year five. Five-year ROI records 104.8% and total cumulative return in cash reaches $170,229. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,503/mo property income versus a $2,398/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
7,723 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77381, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,967 (100%) |
| Owner Occupied HU | 10,225 (73.2%) |
| Renter Occupied HU | 3,242 (23.2%) |
| Vacant Housing Units | 500 ( 3.6%) |
| Median Home Value | $484,769 |
| Average Home Value | $562,286 |
Housing Distribution
Address Breakdown
Residential
14,028
Single Family
11,924
Multi-Family
2,104
Businesses
519
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