8614 Grovecrest DrDallasTX75217
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 Dallas at 8614 Grovecrest Dr, Dallas, TX, 75217 generates $1,697/mo in rent and, after a $807/mo payment, leaves $481/mo in cash flow. Total monthly income is $1,697/mo, and annual cash flow is $5,766/yr on $54,664 invested. Return on cash invested sits at 30.46% in year one, and rental yield is 12.35% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 160.98% and total cumulative return in cash sums $88,000. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,697/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75217, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,962 (100%) |
| Owner Occupied HU | 13,760 (59.9%) |
| Renter Occupied HU | 7,990 (34.8%) |
| Vacant Housing Units | 1,212 ( 5.3%) |
| Median Home Value | $183,951 |
| Average Home Value | $215,605 |
Housing Distribution
Address Breakdown
Residential
24,395
Single Family
21,947
Multi-Family
2,448
Businesses
1,367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allie Baccus • Keller Williams Realty DPR
Mls Name: NTREIS
Mls ID: #20754648
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.