---
title: "22815 Red Leo Ln, Spring, TX 77389: DSCR and rental numbers | DSCR Labs"
description: "Spring rental numbers: rent about $2,230 a month, DSCR 1.37 at 25% down, taxes 2.67% a year. A free Greater Houston DSCR report, updated Oct 9, 2026."
url: https://calculator.dscrlabs.com/tx/spring/22815-red-leo-ln-77389/ktrr3khk
---

# 22815 Red Leo Ln, Spring, TX 77389

For sale at $165,000. 4 bedrooms, 3 bathrooms, 1,980 sq ft, built 2004. Updated Oct 9, 2026.

## Summary

At the starting numbers, this home is a good fit for a DSCR loan: it works on all three scores. This home is offered as-is or needs work. The rent covers the monthly payment 1.37 times (DSCR 1.37), and you would have $224 a month left over after vacancy and reserves.

With the other settings as they are, a price from $147,000 to $188,000 works on all three scores. Getting a price in that range would be likely doable. The home is in a municipal utility district (MUD): ENCANTO REAL UD adds 0.74% to the tax rate, and the county labels it a developing district whose rate can change. Get a real landlord insurance quote and a lender term sheet to firm up these estimates before making an offer.

## The numbers at the default assumptions

With 25% down and the estimated rate. Try your own numbers on the page.

| | |
| --- | ---: |
| Price | $165,000 (the asking price) |
| Down payment | 25% ($41,250) |
| Interest rate (estimate) | 7.24% |
| Monthly payment (PITIA) | $1,622 |
| Principal and interest | $843 |
| Property taxes | $474 |
| Insurance | $284 |
| HOA dues | $21 |
| Rent (estimate) | $2,230 (likely $1,960 to $2,510, from 15 rentals) |
| DSCR | 1.37 (the rent covers the payment 1.37 times) |
| Monthly cash flow | $224 |
| Cash to close | $46,200 |
| Cash-on-cash return | 5.82% |

## Taxes

Combined tax rate 2.67% a year (2026 rates), including a MUD. It uses no homestead exemption, because that ends when a home sells.

## Flood and insurance

FEMA flood zone X. Insurance estimate: $2,558 to $4,264 a year.

## Before you rely on these numbers

- Every number here is an estimate. Before you make an offer, get a lender’s quote, an insurance quote, and a recent lease nearby to check the rent.
- Property taxes reset after a purchase. The seller’s exemptions and caps don’t transfer, and the taxable value moves toward your price.
- Get a real landlord insurance quote. Prices vary a lot by ZIP code, roof age and flood zone.
- Check the rent against a recent lease nearby. Lenders use the lower of your signed lease and the appraiser’s rent estimate.
- Texas doesn’t make sale prices public, so every home value estimate here is rough. Ask an agent for recent sales nearby before you make an offer.

## Sources

U.S. Census Bureau, county tax records, FEMA’s flood map, the Texas Department of Insurance and RentCast. See how we make these reports: https://calculator.dscrlabs.com/methodology.md

Try your own price, down payment and rent on the report page: https://calculator.dscrlabs.com/tx/spring/22815-red-leo-ln-77389/ktrr3khk

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[Greater Houston DSCR Calculator](https://calculator.dscrlabs.com/) by [DSCR Labs](https://dscrlabs.com/). This is an estimate, not a loan approval.