3356 Spruce LnGrapevineTX76051
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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 Grapevine at 3356 Spruce Ln, Grapevine, TX, 76051 at $785,000 posts ROI 30.88% with $2,328/mo cash flow from $7,920/mo rent. Total monthly income equals $7,920/mo, and annual cash flow records $27,935/yr on $258,265 to close. Return on cash invested measures 30.88% and rental yield reads 12.11% at the current $785,000. Equity gained on principal adds $5,065/yr, and 5% annual appreciation supports $216,881 by year five. Five-year ROI prints 162.85% and total cumulative return in cash totals $420,578.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,920/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
$120 annually 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: Andrea Russell • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20698942
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.