8637 Grovecrest DrDallasTX75217
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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
Rental property for sale in Dallas at 8637 Grovecrest Dr, Dallas, TX, 75217 priced at $290,000 converts $1,720/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,720/mo. Return on cash invested prints 15.64% in year one, and rental yield reads 7.12% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 81.22% and total cumulative return in cash sums $78,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,720/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1949
9,069 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
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Listed by: Dennis Garcia • Keller Williams Urban Dallas
Mls Name: NTREIS
Mls ID: #20833495
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.