3308 Spruce StRoyse CityTX75189
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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
Investment property for sale in Royse City at 3308 Spruce St, Royse City, TX, 75189 earns $253/mo cash flow from $2,244/mo rent with a $1,370/mo payment. Total monthly income totals $2,244/mo, and annual cash flow totals $3,040/yr on $92,816 capital. ROI tracks 23.18% on current figures, and rental yield reads 9.62% at a $279,988 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,356 over five years. Five-year ROI reaches 121.65% and total cumulative return in cash sums $112,913. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,244/mo property income instead of your personal income.
Single Family
Built in 2010
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75189, Royse City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,871 (100%) |
| Owner Occupied HU | 18,051 (86.5%) |
| Renter Occupied HU | 1,937 ( 9.3%) |
| Vacant Housing Units | 883 ( 4.2%) |
| Median Home Value | $366,037 |
| Average Home Value | $408,538 |
Housing Distribution
Address Breakdown
Residential
19,440
Single Family
19,006
Multi-Family
434
Businesses
690
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Listed by: Justin Carpenter • Bray Real Estate Group- Dallas
Mls Name: NTREIS
Mls ID: #21025140