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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Richardson at 1202 Spruce Dr, Richardson, TX, 75080 generates $2,075/mo in rent, after a $2,300/mo payment. Total monthly income is $2,075/mo. Return on cash invested sits at 10.15% in year one, and rental yield is 5.3% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 51.75% and total cumulative return in cash sums $80,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,075/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Donna Morale • Anita Barham Realty
Mls Name: NTREIS
Mls ID: #21117414
