7407 Fort Augusta CtSpringTX77389
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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
Rental property for sale in Spring at 7407 Fort Augusta Ct, Spring, TX, 77389 priced at $1,024,500 converts $3,543/mo rent into after a $5,014/mo obligation. Total monthly income equals $3,543/mo. Return on cash invested prints 6.34% in year one, and rental yield reads 4.15% against a $1,024,500 entry. Equity gained on principal adds $6,611/yr, while 5% annual appreciation compiles into $283,050 by year five. Five-year ROI reaches 31.39% and total cumulative return in cash sums $104,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,543/mo property income covering a $5,014/mo payment, not borrower’s personal income.
Single Family
Built in 2012
0.32 Acres lot
$N/A/sqft
$1,675 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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Listed by: Susan Glynn • Orchard Brokerage
Mls Name: HAR
Mls Provider:
Mls ID: #63503851
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