590 Cove LoopColdspringTX77331
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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 Coldspring at 590 Cove Loop, Coldspring, TX, 77331 offers $1,512/mo rent that, after a $1,400/mo payment. Total monthly income is $1,512/mo. Return on cash invested measures 13.3% in year one, and rental yield stands at 6.34% at a $286,000 entry. Equity gained on principal adds $1,846/yr while 5% annual appreciation compounds into $79,017 by year five. Five-year ROI records 68.67% and total cumulative return in cash reaches $65,108. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,512/mo property income versus a $1,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77331, Coldspring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,648 (100%) |
| Owner Occupied HU | 2,709 (58.3%) |
| Renter Occupied HU | 463 ( 10.0%) |
| Vacant Housing Units | 1,476 (31.8%) |
| Median Home Value | $273,090 |
| Average Home Value | $402,099 |
Housing Distribution
Address Breakdown
Residential
3,535
Single Family
3,487
Multi-Family
48
Businesses
282
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Listed by: Monica Hollister • Coldwell Banker Realty - Lake Conroe/Willis
Mls Name: HAR
Mls ID: #15907388