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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Grapevine at 621 Drexel Dr, Grapevine, TX, 76051 priced at $499,000 converts $2,909/mo rent into after a $2,442/mo obligation. Total monthly income equals $2,909/mo. Return on cash invested prints 15.27% in year one, and rental yield reads 7% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 79.18% and total cumulative return in cash sums $130,974. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,909/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1987
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76051, Grapevine, TX area.
| 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 |
Residential
23,210
Single Family
13,855
Multi-Family
9,355
Businesses
2,026
Date | Event | Price |
|---|---|---|
| 2025-09-05 | Listed for sale | $499,000 |
| 2025-08-05 | Listing removed | $485,000 |
| 2025-07-22 | Price change | $485,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-05 | $1649.60 | -2.86% | $436,804 | -0.02% |
| 2023-09-05 | $1698.12 | -12.40% | $436,871 | 26.17% |
| 2022-09-05 | $1938.60 | 9.06% | $346,245 | 13.15% |
Listed by: Annie Anderson • Real Estate Reformation
Mls Name: NTREIS
Mls ID: #21052095
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.
