6902 Carolina Cherry LnSpringTX77389
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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 6902 Carolina Cherry Ln, Spring, TX, 77389 earns $1,212/mo cash flow from $6,874/mo rent with a $3,843/mo payment. Total monthly income totals $6,874/mo, and annual cash flow totals $14,540/yr on $258,298 capital. ROI tracks 25.69% on current figures, and rental yield reads 10.51% at a $785,100 purchase. Equity gained on principal adds $5,066/yr, and 5% annual appreciation supports $216,909 over five years. Five-year ROI reaches 135.16% and total cumulative return in cash sums $349,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,874/mo property income instead of your personal income.
Single Family
Built in 2007
10,000 sqft lot
$N/A/sqft
$79 monthly 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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