6219 Elmgrove RdSpringTX77389
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 6219 Elmgrove Rd, Spring, TX, 77389 in Spring is a conservative rental investment at $529,900. Rental yield 7.15%. A 1.32 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $146,402; $4,880/yr in principal paydown supplements. Total projected return: $161,333.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.1% |
| Monthly Cash Flow | $(651) | $1,850 |
City averages based on Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,157 |
| Total Monthly Debt Service | $3,597 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1969
0.33 Acres lot
$N/A/sqft
$475 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
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
Single Family
Built in 1969
0.33 Acres lot
$N/A/sqft
$475 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Leday • Real Broker, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #94908523
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