6 Summer Sprig RdSpringTX77380
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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 Summer Sprig Rd, Spring, TX, 77380 priced at $590,000 converts $3,172/mo rent into after a $2,888/mo obligation. Total monthly income equals $3,172/mo. Return on cash invested prints 13.73% in year one, and rental yield reads 6.45% against a $590,000 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $163,006 by year five. Five-year ROI reaches 70.92% and total cumulative return in cash sums $137,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,172/mo property income covering a $2,888/mo payment, not borrower’s personal income.
Single Family
Built in 1979
8,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77380, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,139 (100%) |
| Owner Occupied HU | 5,064 (31.4%) |
| Renter Occupied HU | 9,258 (57.4%) |
| Vacant Housing Units | 1,817 (11.3%) |
| Median Home Value | $480,318 |
| Average Home Value | $609,099 |
Housing Distribution
Address Breakdown
Residential
15,423
Single Family
7,374
Multi-Family
8,049
Businesses
2,755
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