62 Mill Point PlSpringTX77380
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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
Investment property for sale in Spring at 62 Mill Point Pl, Spring, TX, 77380 uses $238,525 cash to close to unlock $2,159/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $6,046/mo, and a $3,549/mo payment keeps the spread at $180/mo. Purchase price stands at $725,000, and rental yield measures 10.01% with $6,046/mo rent. Return on cash invested shows 20.97% in year one, and 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 110.98% and total cumulative return in cash records $264,725. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,046/mo property income covering a $3,549/mo payment rather than investor’s personal income.
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
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Listed by: Carol Knott Tefft • RE/MAX Integrity
Mls Name: HAR
Mls Provider:
Mls ID: #44050518
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