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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spring at 506 Savannah Springs Way, Spring, TX, 77373 uses $127,628 cash to close to unlock $628/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $2,866/mo, and a $1,884/mo payment keeps the spread at $52/mo. Purchase price stands at $385,000, and rental yield measures 8.93% with $2,866/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 106.97% and total cumulative return in cash records $136,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,866/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 2003
9,154 sqft lot
$N/A/sqft
$915 annually HOA
Neighborhood data shown for ZIP Code: 77373, Spring, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,265 (100%) |
| Owner Occupied HU | 18,365 (69.9%) |
| Renter Occupied HU | 6,633 (25.3%) |
| Vacant Housing Units | 1,267 ( 4.8%) |
| Median Home Value | $258,193 |
| Average Home Value | $296,393 |
Residential
25,827
Single Family
23,355
Multi-Family
2,472
Businesses
998
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Listed for sale | $385,000 |
| 2017-05-02 | Sold | N/A |
| 2017-03-30 | Pending sale | $274,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $2216.46 | 8.27% | $374,849 | 11.09% |
| 2022-10-21 | $2047.15 | N/A | $337,421 | 18.39% |
| 2021-10-21 | N/A | N/A | $284,997 | 3.12% |
Listed by: Elisa Gonzalez • Keller Williams Realty Professionals
Mls Name: HAR
Mls Provider:
Mls ID: #90552477
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.
