62 Mill Point PlSpringTX77380
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 62 Mill Point Pl, Spring, TX, 77380 in Spring at $725,000 earns $6,046/mo in rent and nets $180/mo after the $3,260/mo payment, a 10.01% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $200,304 over five years. Ziffy Mortgage underwrites this on a 1.85 DSCR without U.S. credit history. With $6,677/yr in principal paydown, total projected return reaches $292,515.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.1% |
| Monthly Cash Flow | $180 | $1,850 |
City averages based on Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,046 |
| Total Monthly Debt Service | $5,577 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
5,340 sqft lot
$N/A/sqft
$710 monthly 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
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
Townhouse
Built in 2004
5,340 sqft lot
$N/A/sqft
$710 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Knott Tefft • RE/MAX Integrity
Mls Name: HAR
Mls Provider:
Mls ID: #44050518
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