3902 Broken Elm 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
Investment property for sale in Spring at 3902 Broken Elm Dr, Spring, TX, 77388 offers a 8.44% rental yield on a $230,000 purchase with $1,618/mo rent. 63% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 102.61% and total cumulative return in cash at $78,235. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,618/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
7,361 sqft 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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