6 Woodmere PlSpringTX77381
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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 Woodmere Pl, Spring, TX, 77381 generates $4,502/mo in rent, after a $4,510/mo payment. Total monthly income is $4,502/mo. Return on cash invested sits at 11.94% in year one, and rental yield is 5.86% on a $921,500 entry. Equity gained on principal adds $5,946/yr, while 5% annual appreciation builds toward $254,593 over five years. Five-year ROI reaches 61.32% and total cumulative return in cash sums $185,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
8,947 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77381, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,967 (100%) |
| Owner Occupied HU | 10,225 (73.2%) |
| Renter Occupied HU | 3,242 (23.2%) |
| Vacant Housing Units | 500 ( 3.6%) |
| Median Home Value | $484,769 |
| Average Home Value | $562,286 |
Housing Distribution
Address Breakdown
Residential
14,028
Single Family
11,924
Multi-Family
2,104
Businesses
519
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