ZIP CODE 77373 // HOUSTON-THE WOODLANDS-SUGAR LAND, TX // DATA AS OF 2026-09-30
Spring, TX (77373) Rental Property Cap Rate & Cash Flow Report
Located in Harris County (Spring, TX), Zip Code 77373 ranks #21 of 500 within this selected sample (96th percentile) with a Zillow ZHVI typical home-value index of $238,312 (-2.8% YoY) and a ZORI observed market rent of $1,767/mo (-0.5% YoY). Requires at least 23.9% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$59/mo
Annual: -$708/yr
Modeled Cap Rate
5.77%
NOI: $13,752/yr
Cash-on-Cash Return
-1.29%
Cash Needed: $54,812
1% Rule Ratio
0.74%
Gross Yield: 8.90%
Break-Even Rent
$1,835/mo
State Tax: 1.47%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 77373 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TX Avg 1.47%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,205/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$621/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (77373)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $215,323 | $1,554/mo | 8.66% |
| 2022 | $258,623 | $1,656/mo | 7.68% |
| 2023 | $252,462 | $1,695/mo | 8.06% |
| 2024 | $252,977 | $1,771/mo | 8.40% |
| 2025 | $245,076 | $1,776/mo | 8.70% |
| 2026 | $238,312 | $1,767/mo | 8.90% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 77083 Houston, TX | $256,597 | $1,893/mo | 5.73% | -$72/mo |
| 75227 Dallas, TX | $220,969 | $1,702/mo | 6.07% | +$1/mo |
| 75217 Dallas, TX | $194,030 | $1,521/mo | 6.21% | +$24/mo |
| 78577 Pharr, TX | $160,637 | $1,112/mo | 5.26% | -$108/mo |
| 79928 El Paso, TX | $262,067 | $1,808/mo | 5.23% | -$182/mo |
| 78572 Mission, TX | $193,376 | $1,327/mo | 5.19% | -$141/mo |