66 Meadowridge PlSpringTX77381
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
Investment Highlights
Investment property for sale in Spring at 66 Meadowridge Pl, Spring, TX, 77381 uses $261,720 cash to close to unlock $7,438/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $6,358/mo, and a $3,894/mo payment keeps the spread at $620/mo. Purchase price stands at $795,500, and rental yield measures 9.59% with $6,358/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $219,782 over five years. Five-year ROI reaches 120.21% and total cumulative return in cash records $314,615. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,358/mo property income covering a $3,894/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.31 Acres lot
$N/A/sqft
$970 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77381, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,967 (100%) |
| Owner Occupied HU | 10,225 (73.2%) |
| Renter Occupied HU | 3,242 (23.2%) |
| Vacant Housing Units | 500 ( 3.6%) |
| Median Home Value | $484,769 |
| Average Home Value | $562,286 |
Housing Distribution
Address Breakdown
Residential
14,028
Single Family
11,924
Multi-Family
2,104
Businesses
519
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Halverson • Realty ONE Group, Experience
Mls Name: HAR
Mls Provider:
Mls ID: #40705965
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.