6615 Pennwell DrSpringTX77389
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
Rental property for sale in Spring at 6615 Pennwell Dr, Spring, TX, 77389 generates $5,604/mo in rent, after a $6,846/mo payment. Total monthly income is $5,604/mo. Return on cash invested sits at 8.87% in year one, and rental yield is 4.81% on a $1,398,800 entry. Equity gained on principal adds $9,026/yr, while 5% annual appreciation builds toward $386,463 over five years. Five-year ROI reaches 44.8% and total cumulative return in cash sums $203,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,604/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
0.37 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices