38 Tallgrass WaySpringTX77389
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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 Tallgrass Way, Spring, TX, 77389 priced at $501,316 pairs $3,698/mo rent with $133/mo cash flow after a $2,454/mo payment. Total monthly income equals $3,698/mo, and annual cash flow comes to $1,593/yr on $164,933 invested. Return on cash invested is 21.03% in year one, and rental yield stands at 8.85% on a $501,316 basis. Equity gained on principal adds $3,235/yr, and 5% annual appreciation accumulates to $138,504 by year five. Five-year ROI measures 110.02% and total cumulative return in cash reaches $181,453. For financing, Ziffy Mortgage’s DSCR program evaluates $3,698/mo property income against a $2,454/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2011
8,463 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77389, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,120 (100%) |
| Owner Occupied HU | 11,222 (65.5%) |
| Renter Occupied HU | 4,904 (28.6%) |
| Vacant Housing Units | 994 ( 5.8%) |
| Median Home Value | $435,407 |
| Average Home Value | $525,589 |
Housing Distribution
Address Breakdown
Residential
16,873
Single Family
13,822
Multi-Family
3,051
Businesses
535
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