761 N Forest Cove LoopColdspringTX77331
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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 Coldspring at 761 N Forest Cove Loop, Coldspring, TX, 77331 priced at $215,000 converts $1,451/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,451/mo. Return on cash invested prints 18.6% in year one, and rental yield reads 8.1% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 97.08% and total cumulative return in cash sums $69,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,451/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1972
9,848 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77331, Coldspring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,648 (100%) |
| Owner Occupied HU | 2,709 (58.3%) |
| Renter Occupied HU | 463 ( 10.0%) |
| Vacant Housing Units | 1,476 (31.8%) |
| Median Home Value | $273,090 |
| Average Home Value | $402,099 |
Housing Distribution
Address Breakdown
Residential
3,535
Single Family
3,487
Multi-Family
48
Businesses
282
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Listed by: Shonna King • eXp Realty LLC
Mls Name: HAR
Mls ID: #6221643