Spray
Spray, Wheeler County
Median Home Value
$405,148
Est. Cap Rate
1.3%
Based on rent yield × 65%
Vacancy Rate
11.4%
69% owner-occupied
Population
151
Spray Investment Analysis
Spray is a smaller market (151 residents) with median values at $405,148. The 1.3% cap rate positions Spray as a premium appreciation market where equity growth drives returns. Strong 4.8% year-over-year appreciation signals continued demand — act before prices climb further. A healthy 31% renter population supports median rents of $688/month, providing reliable income streams for buy-and-hold investors.
Market Details
Housing Stock
79 units
Single-family: 54
0Investment Metrics
Gross Yield 2.0%
Cap Rate 1.3%
Price-to-Rent 49.1 (Favors renting)
Property Tax $2,400/yr
Home Value Trends
1-Year Appreciation +4.8%
3-Year Appreciation +14.6%
5-Year Appreciation +33.7%
Rental Market
$688/mo
Renter population: 31.4%
Lending Status
Not Available
$150K – $10M · Business purpose
Data sources: U.S. Census Bureau ACS 2023 5-Year Estimates · Zillow Home Value Index (Feb 2026) · USDV Capital analysis
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Property Details
Investment Projection
-$1,943
-23.0%
0.32
-$23,317
Monthly P&I: $2,125 | Est. Expenses: $506
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Spray Investment Report
Comprehensive city market analysis
Get the Complete Spray Market Analysis
Make data-driven investment decisions with our comprehensive city report, including pricing trends, rental yields, and DSCR loan scenarios.
- Complete market data & demographics
- 5-year price appreciation trends
- Rental yield analysis by property type
- Investment opportunity score
- Comparable market benchmarks
- DSCR loan scenario modeling
Your Real Estate CFO
We don't work for one lender — we work for you. As your Real Estate CFO, we shop the full institutional market to structure the best capital solution for your Spray deal. Close in 28 days or we pay you $1,000.
$1.3B+
Transactions Advised
42
States Active
28 Days
Or $1,000 Guarantee
Flexible Financing for Every Deal
All products below are eligible for our 28-day close guarantee.
Bridge Loans
Short-term financing for acquisitions, refinancing, or repositioning
- 12-24 month terms
- Up to 80% LTV
- Interest-only payments
- Flexible prepayment
Fix & Flip
Fast funding for property renovation and resale
- 6-18 month terms
- Up to 90% of purchase + rehab
- Fast closings
- Interest-only payments
Ground-Up Construction
Financing for new development projects from land to completion
- 12-36 month terms
- Up to 90% of costs
- Progress-based draws
- Interest-only payments
DSCR Rental
Long-term financing for single-family rentals and portfolio acquisitions
- 5-30 year terms
- Up to 85% LTV
- Portfolio options
- No personal income docs
Larger Deals
Multifamily & Build-to-Rent
For multifamily and build-to-rent community financing up to $50M, we work directly with institutional capital partners on custom terms. These deals require a consultation — not a form.
Multifamily
Permanent and bridge financing for apartment buildings and complexes — 5 units and up.
- Up to $50M
- 5–30 year terms
- Up to 80% LTV
- Bridge and permanent options
- Interest-only available
Build-to-Rent Communities
Institutional financing for single-family rental community developments from land to stabilization.
- Up to $50M
- Construction through permanent
- Community-scale underwriting
- Progress-based draw schedule
- Custom closing timeline
Looking for 1-4 unit investment properties? Check out our standard lending products for DSCR, fix & flip, and bridge loans.
Your Real Estate CFO
We structure, source, and close financing for your investment properties. Let us help you capitalize on Spray opportunities.
48-Hour
Term Sheet
$150K-$10M
Loan Range
28-Day
Close Guarantee
$1,000 GUARANTEE
If we can't close in 28 days, we pay you $1,000