The Concho Plan, Covenant Park, Springtown, TX, 76082 | $1,939/mo Cash Flow

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The Concho Plan, Covenant Park, Springtown, TX, 76082 | $1,939/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Springtown at The Concho Plan, Covenant Park, Springtown, TX, 76082 offers $4,442/mo rent that, after a $1,723/mo payment, leaves $1,939/mo cash flow. Total monthly income is $4,442/mo, and annual cash flow is $23,265/yr on $116,688 cash. Return on cash invested measures 39.85% in year one, and rental yield stands at 15.14% at a $352,000 entry. Equity gained on principal adds $2,271/yr while 5% annual appreciation compounds into $97,251 by year five. Five-year ROI records 210.96% and total cumulative return in cash reaches $246,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,442/mo property income versus a $1,723/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

This elegant single-family home will sit on a spacious lot, with 3 bedrooms & 2 baths. Upon entrance, you are warmly greeted by a long foyer with, fresh paint, LVP floors, and a bright and open floor plan seamlessly connecting the kitchen to the living & dining room. Directly off the dining room is a porch that opens up to the sunny backyard that Texas offers year round. Meticulous attention to detail is presented in the kitchen with new quartz countertops, gorgeous backsplash, freshly finished cabinets, and brand-new appliances. Next to the mud room, you'll find a flex space that would be perfect for a study, media room, or an optional 4th bedroom!

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