1637 Choteau CirGrapevineTX76051
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Grapevine at 1637 Choteau Cir, Grapevine, TX, 76051 priced at $365,900 converts $2,974/mo rent into $322/mo cash flow after a $1,791/mo obligation. Total monthly income equals $2,974/mo, and annual cash flow totals $3,863/yr on $121,296 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 9.75% against a $365,900 entry. Equity gained on principal adds $2,361/yr, while 5% annual appreciation compiles into $101,091 by year five. Five-year ROI reaches 121.3% and total cumulative return in cash sums $147,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,974/mo property income covering a $1,791/mo payment, not borrower’s personal income.
Townhouse
Built in 1978
2,831 sqft lot
$N/A/sqft
$150 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76051, Grapevine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,607 (100%) |
| Owner Occupied HU | 11,323 (48.0%) |
| Renter Occupied HU | 11,128 (47.1%) |
| Vacant Housing Units | 1,156 ( 4.9%) |
| Median Home Value | $478,822 |
| Average Home Value | $525,786 |
Housing Distribution
Address Breakdown
Residential
23,210
Single Family
13,855
Multi-Family
9,355
Businesses
2,026
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Listed by: Shawn Teegardin • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20692150
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.