533 Spruce DrParisTX75462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Paris at 533 Spruce Dr, Paris, TX, 75462 offers $2,262/mo rent that, after a $1,165/mo payment, leaves $569/mo cash flow. Total monthly income is $2,262/mo, and annual cash flow is $6,833/yr on $78,897 cash. Return on cash invested measures 28.57% in year one, and rental yield stands at 11.41% at a $238,000 entry. Equity gained on principal adds $1,536/yr while 5% annual appreciation compounds into $65,755 by year five. Five-year ROI records 150.53% and total cumulative return in cash reaches $118,762. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,262/mo property income versus a $1,165/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75462, Paris, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,515 (100%) |
| Owner Occupied HU | 3,877 (70.3%) |
| Renter Occupied HU | 1,315 (23.8%) |
| Vacant Housing Units | 323 ( 5.9%) |
| Median Home Value | $244,394 |
| Average Home Value | $339,576 |
Housing Distribution
Address Breakdown
Residential
5,129
Single Family
5,005
Multi-Family
124
Businesses
238
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Listed by: Kristina House • Landmark Real Estate Group
Mls Name: NTREIS
Mls ID: #20781144
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.