938 Covered WagonSpring BranchTX78070
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 Branch at 938 Covered Wagon, Spring Branch, TX, 78070 at $158,000 posts ROI 21.86% with $85/mo cash flow from $1,213/mo rent. Total monthly income equals $1,213/mo, and annual cash flow records $1,022/yr on $52,377 to close. Return on cash invested measures 21.86% and rental yield reads 9.21% at the current $158,000. Equity gained on principal adds $1,020/yr, and 5% annual appreciation supports $43,652 by year five. Five-year ROI prints 114.62% and total cumulative return in cash totals $60,034.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,213/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2023
10,258 sqft lot
$N/A/sqft
$55 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78070, Spring Branch, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 8,394 (84.2%) |
| Renter Occupied HU | 885 ( 8.9%) |
| Vacant Housing Units | 692 ( 6.9%) |
| Median Home Value | $596,751 |
| Average Home Value | $695,534 |
Housing Distribution
Address Breakdown
Residential
9,272
Single Family
8,986
Multi-Family
286
Businesses
618
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Nearby investment properties with comparable prices
Listed by: Cynthia Bull • Keller Williams Heritage
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #577099
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 Central Texas MLS, All Rights Reserved.