Spring, TX — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

4.0%

Below average

Monthly Cash Flow

-$743

After all expenses

Price-to-Rent

14.4

Investor-friendly

DSCR

0.62

Fails

📊 Key Metrics

Median Home Price: $379,287
Average Rent (3BR): $2,470/mo
Price-to-Rent Ratio: 14.4(good)
1% Rule: 0.58%(fails — need 1%+)
Cash-on-Cash Return: -10.3%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.3%(0% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +1.5% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

1.68%

of assessed value (TX avg)

Median Income

$67,321

household (TX avg)

Rent-to-Income

44%

Stretched

Section 8 Max Rent

$2,470/mo

3BR voucher payment

🏛️ TX Investor Climate

Landlord Friendly

9/10

State Income Tax

✅ None

Property Tax

1.68% effective

Population Trend

+1.5% (3yr)

🏘️ Best Zip Codes in Spring for Investors

77373

Cap Rate: 7.5%Cash Flow: +$215/mo$243,034

77388

Cap Rate: 6.5%Cash Flow: +$35/mo$298,992

77386

Cap Rate: 5.0%Cash Flow: -$443/mo$369,988

All Zip Codes in Spring

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
77373	7.5%	+$215	$243,034	$2,260/mo	1.17
77388	6.5%	+$35	$298,992	$2,500/mo	1.02
77386	5.0%	-$443	$369,988	$2,500/mo	0.77
77380	4.2%	-$716	$388,586	$2,320/mo	0.65
77379	3.9%	-$770	$366,191	$2,070/mo	0.60
77389	3.3%	-$1,311	$514,514	$2,630/mo	0.52
77382	2.8%	-$1,799	$594,314	$2,690/mo	0.43
77381	2.5%	-$1,870	$574,337	$2,440/mo	0.39