6815 Redwood Terrace LnSpringTX77389
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 6815 Redwood Terrace Ln, Spring, TX, 77389 at $600,000 posts ROI 24.45% with $723/mo cash flow from $5,044/mo rent. Total monthly income equals $5,044/mo, and annual cash flow records $8,674/yr on $197,400 to close. Return on cash invested measures 24.45% and rental yield reads 10.09% at the current $600,000. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 by year five. Five-year ROI prints 128.52% and total cumulative return in cash totals $253,692.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,044/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2013
8,398 sqft lot
$N/A/sqft
$650 annually 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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Nearby investment properties with comparable prices
Listed by: Sarah Gongora • CB&A, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #46283200
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