1116 Cherokee TrlPlanoTX75023
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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
Investment property for sale in Plano at 1116 Cherokee Trl, Plano, TX, 75023 offers a 8.75% rental yield on a $394,900 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,933/mo payment leaves $72/mo available for distribution. Annual cash flow reaches $860/yr on $130,909 to close, and return on cash invested stands at 20.57% in year one. Equity gained on principal adds $2,548/yr while 5% annual appreciation supports $109,104 over five years. Portfolio math shows five-year ROI at 107.58% and total cumulative return in cash at $140,831. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75023, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,629 (100%) |
| Owner Occupied HU | 11,275 (60.5%) |
| Renter Occupied HU | 6,669 (35.8%) |
| Vacant Housing Units | 685 ( 3.7%) |
| Median Home Value | $435,719 |
| Average Home Value | $478,957 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
13,876
Multi-Family
5,502
Businesses
942
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Listed by: Catriona Mccarthy • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #20831305
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.