1202 Morrow LnAllenTX75002
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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 Allen at 1202 Morrow Ln, Allen, TX, 75002 earns from $3,196/mo rent with a $2,397/mo payment. Total monthly income totals $3,196/mo. ROI tracks 17.79% on current figures, and rental yield reads 7.83% at a $489,650 purchase. Equity gained on principal adds $3,160/yr, and 5% annual appreciation supports $135,281 over five years. Five-year ROI reaches 92.7% and total cumulative return in cash sums $150,466. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,196/mo property income instead of your personal income.
Single Family
Built in 1993
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75002, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,005 (100%) |
| Owner Occupied HU | 18,826 (75.3%) |
| Renter Occupied HU | 5,504 (22.0%) |
| Vacant Housing Units | 675 ( 2.7%) |
| Median Home Value | $491,377 |
| Average Home Value | $588,591 |
Housing Distribution
Address Breakdown
Residential
24,556
Single Family
21,935
Multi-Family
2,621
Businesses
797
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