2802 Cinnamon Springs RdGlenn HeightsTX75154
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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 Glenn Heights at 2802 Cinnamon Springs Rd, Glenn Heights, TX, 75154 priced at $575,000 pairs $4,421/mo rent with $332/mo cash flow after a $2,814/mo payment. Total monthly income equals $4,421/mo, and annual cash flow comes to $3,989/yr on $189,175 invested. Return on cash invested is 22.17% in year one, and rental yield stands at 9.23% on a $575,000 basis. Equity gained on principal adds $3,710/yr, and 5% annual appreciation accumulates to $158,862 by year five. Five-year ROI measures 116.16% and total cumulative return in cash reaches $219,743. For financing, Ziffy Mortgage’s DSCR program evaluates $4,421/mo property income against a $2,814/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,844 (100%) |
| Owner Occupied HU | 14,515 (77.0%) |
| Renter Occupied HU | 3,735 (19.8%) |
| Vacant Housing Units | 594 ( 3.2%) |
| Median Home Value | $347,833 |
| Average Home Value | $386,647 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
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Listed by: Billy Vaselo • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20918619
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.