Bailey Plan, Covenant SpringsSpringtownTX76082
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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 Springtown at Bailey Plan, Covenant Springs, Springtown, TX, 76082 generates $2,280/mo in rent, after a $1,874/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 15.72% in year one, and rental yield is 7.15% on a $382,900 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation builds toward $105,788 over five years. Five-year ROI reaches 81.62% and total cumulative return in cash sums $103,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Housing Distribution
Address Breakdown
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
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Listed by: N/A • Riverside Homebuilders
Mls Name: Riverside Homebuilders
Mls Provider:
Mls ID: #N/A