1975 Shorewood DrGrapevineTX76051
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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 1975 Shorewood Dr, Grapevine, TX, 76051 priced at $290,000 pairs $2,785/mo rent with $386/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,785/mo, and annual cash flow comes to $4,634/yr on $96,135 invested. Return on cash invested is 24.73% in year one, and rental yield stands at 11.52% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 131.46% and total cumulative return in cash reaches $126,376. For financing, Ziffy Mortgage’s DSCR program evaluates $2,785/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
6,490 sqft lot
$N/A/sqft
$337 monthly 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: Cassidy Spilker • Perpetual Realty Group LLC
Mls Name: NTREIS
Mls ID: #20757259
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.