38 Cascade Springs PlSpringTX77381
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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 38 Cascade Springs Pl, Spring, TX, 77381 generates $8,680/mo in rent and, after a $4,846/mo payment, leaves $1,640/mo in cash flow. Total monthly income is $8,680/mo, and annual cash flow is $19,674/yr on $325,710 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 10.52% on a $990,000 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation builds toward $273,519 over five years. Five-year ROI reaches 137.23% and total cumulative return in cash sums $446,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.26 Acres 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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Listed by: Mariela Campalans • Martha Turner Sotheby's International Realty - The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #39720100
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