3602 Blue Lake 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
Rental property for sale in Spring at 3602 Blue Lake Dr, Spring, TX, 77388 generates $5,566/mo in rent and, after a $3,236/mo payment, leaves $864/mo in cash flow. Total monthly income is $5,566/mo, and annual cash flow is $10,372/yr on $217,535 invested. Return on cash invested sits at 24.83% in year one, and rental yield is 10.1% on a $661,200 entry. Equity gained on principal adds $4,267/yr, while 5% annual appreciation builds toward $182,677 over five years. Five-year ROI reaches 130.41% and total cumulative return in cash sums $283,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,566/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.92 Acres lot
$N/A/sqft
No 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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