ZIP CODE 77379 // HOUSTON-THE WOODLANDS-SUGAR LAND, TX // DATA AS OF 2026-09-30
Spring, TX (77379) Rental Property Cap Rate & Cash Flow Report
Located in Harris County (Spring, TX), Zip Code 77379 ranks #359 of 500 within this selected sample (28th percentile) with a Zillow ZHVI typical home-value index of $360,401 (-0.3% YoY) and a ZORI observed market rent of $1,560/mo (+0.4% YoY). Requires at least 66.4% 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
-$1,057/mo
Annual: -$12,682/yr
Modeled Cap Rate
2.55%
NOI: $9,186/yr
Cash-on-Cash Return
-15.30%
Cash Needed: $82,892
1% Rule Ratio
0.43%
Gross Yield: 5.19%
Break-Even Rent
$2,775/mo
State Tax: 1.47%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 77379 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TX Avg 1.47%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,822/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$794/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (77379)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $310,078 | $1,404/mo | 5.43% |
| 2022 | $367,902 | $1,492/mo | 4.87% |
| 2023 | $361,662 | $1,545/mo | 5.13% |
| 2024 | $365,647 | $1,568/mo | 5.15% |
| 2025 | $361,564 | $1,553/mo | 5.15% |
| 2026 | $360,401 | $1,560/mo | 5.19% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 78665 Round Rock, TX | $390,267 | $1,691/mo | 2.55% | -$1,143/mo |
| 77406 Richmond, TX | $415,426 | $1,804/mo | 2.56% | -$1,213/mo |
| 75071 McKinney, TX | $474,508 | $2,061/mo | 2.56% | -$1,385/mo |
| 77095 Houston, TX | $320,742 | $1,394/mo | 2.57% | -$936/mo |
| 78660 Pflugerville, TX | $364,282 | $1,600/mo | 2.62% | -$1,048/mo |
| 78641 Leander, TX | $425,323 | $1,872/mo | 2.62% | -$1,220/mo |