8503 Glenn Leigh DrSpringTX77379
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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 8503 Glenn Leigh Dr, Spring, TX, 77379 uses $174,370 cash to close to unlock $1,476/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $3,946/mo, and a $2,594/mo payment keeps the spread at $123/mo. Purchase price stands at $530,000, and rental yield measures 8.93% with $3,946/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 109.5% and total cumulative return in cash records $190,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,946/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10,637 sqft lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77379, Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,204 (100%) |
| Owner Occupied HU | 22,558 (67.9%) |
| Renter Occupied HU | 8,869 (26.7%) |
| Vacant Housing Units | 1,777 ( 5.4%) |
| Median Home Value | $356,303 |
| Average Home Value | $400,335 |
Housing Distribution
Address Breakdown
Residential
31,197
Single Family
25,921
Multi-Family
5,276
Businesses
1,837
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Listed by: Devyn Winkler • Fathom Realty
Mls Name: HAR
Mls Provider:
Mls ID: #18022609
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