1407 Cedar Springs DrAllenTX75002
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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 1407 Cedar Springs Dr, Allen, TX, 75002 with 5% annual appreciation on a $498,988 basis while $3,716/mo rent supports operations. Total monthly income totals $3,716/mo and a $2,442/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,439/yr on $165,415 deployed, and return on cash invested reaches 20.78% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,861 alongside rental yield of 8.94%. Five-year ROI measures 108.83% and total cumulative return in cash totals $180,026.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,716/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
7,405 sqft lot
$N/A/sqft
$48 monthly 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: Jana Carmichael • Keller Williams Realty Allen
Mls Name: NTREIS
Mls ID: #20931295
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.