1313 E 16th StPlanoTX75074
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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 Plano at 1313 E 16th St, Plano, TX, 75074 generates $2,472/mo in rent and, after a $1,158/mo payment, leaves $783/mo in cash flow. Total monthly income is $2,472/mo, and annual cash flow is $9,399/yr on $78,459 invested. Return on cash invested sits at 31.89% in year one, and rental yield is 12.53% on a $236,679 entry. Equity gained on principal adds $1,527/yr, while 5% annual appreciation builds toward $65,390 over five years. Five-year ROI reaches 168.38% and total cumulative return in cash sums $132,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,472/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
10,815 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75074, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,431 (100%) |
| Owner Occupied HU | 10,270 (47.9%) |
| Renter Occupied HU | 9,864 (46.0%) |
| Vacant Housing Units | 1,297 ( 6.1%) |
| Median Home Value | $403,504 |
| Average Home Value | $454,485 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
12,891
Multi-Family
8,084
Businesses
2,380
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