Updated Dec 21, 2023
Hamilton Zanze Acquires Multifamily Property On Spring Rain Dr
2400 Spring Rain Drive, Spring, TX 77379
Building Size
—
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
2400 Spring Rain Dr in Spring has been sold as a multifamily property. The transaction took place on December 16, 2021. The property is located in the Spring market.
Summary of transation details
- Property Type: Multifamily
The seller of 2400 Spring Rain Dr is Hamilton Zanze, represented by Mark Hamilton & Tony Zanze.
Traded’s record for 2400 Spring Rain Drive, Spring, TX 77379 in Spring, Texas covers a multifamily sale from 2021. 2400 Spring Rain Drive, Spring, TX 77379 is classified as Multifamily on Traded. This page is the Spring, Texas file for the 2400 Spring Rain Drive, Spring, TX 77379 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Spring sit in the Market section below. Filter that Spring multifamily set by closing date to see what else sold near 2400 Spring Rain Drive, Spring, TX 77379 around 2021. Cite this Hamilton Zanze Acquires Multifamily Property On Spring Rain Dr sale when underwriting similar multifamily product around Spring, Texas.
Players
Spring MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93