6119 Terravita DrSpringTX77379
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6119 Terravita Dr, Spring, TX, 77379 offers $5,718/mo rent that, after a $3,323/mo payment, leaves $807/mo cash flow. Total monthly income is $5,718/mo, and annual cash flow is $9,679/yr on $223,391 cash. Return on cash invested measures 24.39% in year one, and rental yield stands at 10.11% at a $679,000 entry. Equity gained on principal adds $4,381/yr while 5% annual appreciation compounds into $187,595 by year five. Five-year ROI records 128.24% and total cumulative return in cash reaches $286,475. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,718/mo property income versus a $3,323/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
0.25 Acres lot
$N/A/sqft
$1,000 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: Kimberly Kindred • CB&A, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #30738892
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