47 Driftdale PlSpringTX77389
Nearby investment properties with comparable rents
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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 47 Driftdale Pl, Spring, TX, 77389 offers $3,689/mo rent that, after a $2,579/mo payment. Total monthly income is $3,689/mo. Return on cash invested measures 19.66% in year one, and rental yield stands at 8.4% at a $527,000 entry. Equity gained on principal adds $3,401/yr while 5% annual appreciation compounds into $145,600 by year five. Five-year ROI records 102.67% and total cumulative return in cash reaches $178,021. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,689/mo property income versus a $2,579/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
8,664 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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Listed by: Maria Gonzales • Keller Williams Realty The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #47040730
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