2215 Walnut Fair LaneSpring, TX 77373

Description

Immediate cash flow potential with a market-validated rental rate of $1,350–$1,395/month. Currently rented at $1350 with lease expiring on 6/30/27. This well-maintained 2-bedroom, 2.5-bath townhome in the established Spring Crossing community is a ready-to-go addition to any rental portfolio. Listed at $165,000, investors can expect a projected gross annual rental income of $16,200–$16,740 and an estimated gross rental yield of 9.8–10.1%. The Property: Built in 2006, this 1,240 sq ft two-story townhome features an open-concept island kitchen, in-unit utility room with washer/dryer connections, 1-car attached garage, private deck/patio, and 2 full baths plus a half bath — a layout that commands premium rents and reduces tenant turnover. Laminate and carpet flooring throughout. Slab foundation, composition roof. *Document prepared by Seller

Property Information

Property type

Residential

Sub-type

Townhouse

Style

Traditional

Year built

2006

Stories

2

Living area

1,240 Sq Ft

Lot size

0.07 acres

Garage spaces

1

Parking spaces

1

Days on market

55

MLS^® Listing#

56731099

Property Features

Appliances

Disposal · Gas Cooktop · Gas Range · Dishwasher · Oven

Cooling

Electric

Heating

Natural Gas

Flooring

Carpet · Laminate

Parking

Attached

Patio

Patio

Construction

Wood Siding

Foundation

Slab

Roof

Composition

Community

Curbs

Sewer

Public Sewer

Water source

Public

Parcel number

1255380010021

Rooms

Schools

Elementary

Gloria Marshall Elementary School

Middle

Ricky C Bailey M S

High

Spring High School

Directions

I-45 to Cypresswood to Aldine Westfield Right to left on Prairie Bird to left on Village Crossing to Spring Crossing