6 Laxey Glen DrSpringTX77379
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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 6 Laxey Glen Dr, Spring, TX, 77379 priced at $1,120,000 converts $4,256/mo rent into after a $5,482/mo obligation. Total monthly income equals $4,256/mo. Return on cash invested prints 7.78% in year one, and rental yield reads 4.56% against a $1,120,000 entry. Equity gained on principal adds $7,227/yr, while 5% annual appreciation compiles into $309,435 by year five. Five-year ROI reaches 39.04% and total cumulative return in cash sums $141,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,256/mo property income covering a $5,482/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.58 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77379, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,204 (100%) |
| Owner Occupied HU | 22,558 (67.9%) |
| Renter Occupied HU | 8,869 (26.7%) |
| Vacant Housing Units | 1,777 ( 5.4%) |
| Median Home Value | $356,303 |
| Average Home Value | $400,335 |
Housing Distribution
Address Breakdown
Residential
31,197
Single Family
25,921
Multi-Family
5,276
Businesses
1,837
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Listed by: Rose Yannakis • Keller Williams Preferred
Mls Name: HAR
Mls Provider:
Mls ID: #85147601
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