1322 Red River 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 1322 Red River Ln, Allen, TX, 75002 uses $183,911 cash to close to unlock $14,887/yr annual cash flow and $1,241/mo monthly cash flow. Total monthly income runs $5,256/mo, and a $2,736/mo payment keeps the spread at $1,241/mo. Purchase price stands at $559,000, and rental yield measures 11.28% with $5,256/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 148.34% and total cumulative return in cash records $272,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,256/mo property income covering a $2,736/mo payment rather than investor’s personal income.
Single Family
Built in 2006
5,662 sqft lot
$N/A/sqft
$121 quarterly 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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Listed by: Abdullah Ozcelik • Worth Clark Realty
Mls Name: NTREIS
Mls ID: #20578006
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.