66 Herons Flight PlSpringTX77389
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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 66 Herons Flight Pl, Spring, TX, 77389 priced at $405,000 converts $3,666/mo rent into $786/mo cash flow after a $1,982/mo obligation. Total monthly income equals $3,666/mo, and annual cash flow totals $9,435/yr on $134,258 invested. Return on cash invested prints 26.94% in year one, and rental yield reads 10.86% against a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,894 by year five. Five-year ROI reaches 141.76% and total cumulative return in cash sums $190,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,666/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Townhouse
Built in 2013
4,299 sqft lot
$N/A/sqft
No 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
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