292 Spruce Dr, Kyle, TX, 78640 | $135/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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292 Spruce Dr, Kyle, TX, 78640 | $135/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Kyle at 292 Spruce Dr, Kyle, TX, 78640 offers $2,191/mo rent that, after a $1,415/mo payment, leaves $135/mo cash flow. Total monthly income is $2,191/mo, and annual cash flow is $1,625/yr on $95,804 cash. Return on cash invested measures 21.6% in year one, and rental yield stands at 9.1% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 113.17% and total cumulative return in cash reaches $108,422. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,191/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2004

6,176 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 292 Spruce Dr in the heart of Kylewhere modern updates meet a warm, inviting floorplan. This beautifully refreshed home features a 2019 roof, a brand-new 2025 AC system, new interior paint (2024), and new flooring throughout (2024), offering a truly move-in-ready experience. Step inside to an open, seamless layout that fills with natural light and makes everyday living comfortable and connected. The spacious kitchen flows effortlessly into the dining and living areasperfect for hosting, relaxing, or simply enjoying the openness of the space. Outside, enjoy one of the homes standout features: a large covered patio overlooking a peaceful backyard with no back neighbors. Its the perfect spot for morning coffee, outdoor dining, or weekend gatherings. Bonus: Take advantage of our preferred lender incentive that can help cover a portion of your closing costs, making this home an even better opportunity. Located in an ideal spot between Austin and San Antonio, youll love being approximately equal distance from both citiesperfect for commuters or anyone who enjoys easy access to two major hubs.