6003 Elmgrove RdSpringTX77389
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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 6003 Elmgrove Rd, Spring, TX, 77389 generates $4,670/mo in rent, after a $3,549/mo payment. Total monthly income is $4,670/mo. Return on cash invested sits at 17.43% in year one, and rental yield is 7.73% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 90.79% and total cumulative return in cash sums $216,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,670/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.38 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77389, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,120 (100%) |
| Owner Occupied HU | 11,222 (65.5%) |
| Renter Occupied HU | 4,904 (28.6%) |
| Vacant Housing Units | 994 ( 5.8%) |
| Median Home Value | $435,407 |
| Average Home Value | $525,589 |
Housing Distribution
Address Breakdown
Residential
16,873
Single Family
13,822
Multi-Family
3,051
Businesses
535
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Listed by: Honey Dunlap • Honey & Company Realty
Mls Name: HAR
Mls Provider:
Mls ID: #58253572
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