6607 Lake Woodlands Dr APT 312SpringTX77382
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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
Investment property for sale in Spring at 6607 Lake Woodlands Dr APT 312, Spring, TX, 77382 offers a 8.62% rental yield on a $270,000 purchase with $1,939/mo rent. Total monthly income registers $1,939/mo, and a $1,322/mo payment leaves $19/mo available for distribution. Annual cash flow reaches $222/yr on $89,505 to close, and return on cash invested stands at 20.16% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 105.41% and total cumulative return in cash at $94,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,939/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2004
3,171 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77382, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,003 (100%) |
| Owner Occupied HU | 10,318 (73.7%) |
| Renter Occupied HU | 3,029 (21.6%) |
| Vacant Housing Units | 656 ( 4.7%) |
| Median Home Value | $573,705 |
| Average Home Value | $681,922 |
Housing Distribution
Address Breakdown
Residential
13,684
Single Family
12,331
Multi-Family
1,353
Businesses
297
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