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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Spring at 6311 Trailway Ln, Spring, TX, 77379 offers $3,365/mo rent that, after a $1,493/mo payment, leaves $1,139/mo cash flow. Total monthly income is $3,365/mo, and annual cash flow is $13,671/yr on $101,108 cash. Return on cash invested measures 33.43% in year one, and rental yield stands at 13.24% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 176.84% and total cumulative return in cash reaches $178,798. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,365/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.27 Acres lot
$N/A/sqft
$680 annually HOA
Neighborhood data shown for ZIP Code: 77379, Spring, TX area.
| 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 |
Residential
31,197
Single Family
25,921
Multi-Family
5,276
Businesses
1,837
Date | Event | Price |
|---|---|---|
| 2024-09-28 | Listed for sale | $305,000 |
| 2021-10-15 | Sold | N/A |
| 2018-02-13 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $4187.41 | -13.74% | $330,369 | 13.46% |
| 2022-10-21 | $4854.24 | N/A | $291,180 | 35.22% |
| 2021-10-21 | N/A | N/A | $215,333 | 4.20% |
Listed by: Andre Quibodeaux • Weichert, Realtors - The Murray Group
Mls Name: HAR
Mls Provider:
Mls ID: #66122251
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
