9418 Castlegap 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
Rental property for sale in Spring at 9418 Castlegap Dr, Spring, TX, 77379 generates $2,402/mo in rent, after a $1,855/mo payment. Total monthly income is $2,402/mo. Return on cash invested sits at 16.19% in year one, and rental yield is 7.61% on a $378,900 entry. Equity gained on principal adds $2,445/yr, while 5% annual appreciation builds toward $104,683 over five years. Five-year ROI reaches 84.44% and total cumulative return in cash sums $106,059. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,402/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
6,782 sqft lot
$N/A/sqft
$1,160 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: Rose Scanlan • Walzel Properties - Spring
Mls Name: HAR
Mls Provider:
Mls ID: #41253743
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