386 Spring Creek DrGoodrichTX77335
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Goodrich at 386 Spring Creek Dr, Goodrich, TX, 77335 at $159,000 posts ROI 23.94% with $177/mo cash flow from $1,310/mo rent. Total monthly income equals $1,310/mo, and annual cash flow records $2,127/yr on $52,709 to close. Return on cash invested measures 23.94% and rental yield reads 9.89% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 125.76% and total cumulative return in cash totals $66,288.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,310/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
0.62 Acres lot
$N/A/sqft
$28 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77335, Goodrich, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 748 (58.9%) |
| Renter Occupied HU | 179 (14.1%) |
| Vacant Housing Units | 342 (27.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $228,011 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
687
Multi-Family
1
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sonia Estrada • Lane Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #98712717
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.