4715 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
Rental property for sale in Spring at 4715 Broken Elm Dr, Spring, TX, 77388 generates $2,090/mo in rent and, after a $1,253/mo payment, leaves $234/mo in cash flow. Total monthly income is $2,090/mo, and annual cash flow is $2,806/yr on $84,864 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 9.8% on a $256,000 entry. Equity gained on principal adds $1,652/yr, while 5% annual appreciation builds toward $70,728 over five years. Five-year ROI reaches 121.96% and total cumulative return in cash sums $103,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,090/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
7,278 sqft lot
$N/A/sqft
$428 annually 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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Listed by: Denise Foster • RE/MAX Integrity
Mls Name: HAR
Mls Provider:
Mls ID: #96639488
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