1010 Switchgrass LnAllenTX75013
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 Allen at 1010 Switchgrass Ln, Allen, TX, 75013 generates $3,485/mo in rent and, after a $2,092/mo payment, leaves $445/mo in cash flow. Total monthly income is $3,485/mo, and annual cash flow is $5,344/yr on $141,716 invested. Return on cash invested sits at 23.68% in year one, and rental yield is 9.78% on a $427,500 entry. Equity gained on principal adds $2,759/yr, while 5% annual appreciation builds toward $118,110 over five years. Five-year ROI reaches 124.29% and total cumulative return in cash sums $176,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,485/mo property income rather than buyer’s personal income.
Townhouse
Built in 2019
2,352 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75013, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,738 (100%) |
| Owner Occupied HU | 12,605 (58.0%) |
| Renter Occupied HU | 7,807 (35.9%) |
| Vacant Housing Units | 1,326 ( 6.1%) |
| Median Home Value | $657,310 |
| Average Home Value | $697,117 |
Housing Distribution
Address Breakdown
Residential
20,972
Single Family
13,971
Multi-Family
7,001
Businesses
2,119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices