6402 Barrygate DrSpringTX77373
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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
Rental property for sale in Spring at 6402 Barrygate Dr, Spring, TX, 77373 priced at $219,000 converts $1,933/mo rent into $346/mo cash flow after a $1,072/mo obligation. Total monthly income equals $1,933/mo, and annual cash flow totals $4,157/yr on $72,599 invested. Return on cash invested prints 25.63% in year one, and rental yield reads 10.59% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 134.97% and total cumulative return in cash sums $97,989. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,933/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Single Family
Built in 1981
7,113 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77373, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,265 (100%) |
| Owner Occupied HU | 18,365 (69.9%) |
| Renter Occupied HU | 6,633 (25.3%) |
| Vacant Housing Units | 1,267 ( 4.8%) |
| Median Home Value | $258,193 |
| Average Home Value | $296,393 |
Housing Distribution
Address Breakdown
Residential
25,827
Single Family
23,355
Multi-Family
2,472
Businesses
998
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Listed by: Joe Wimberly • Lifestyles Realty Houston Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #3047805
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