1514 Summerside DrAllenTX75002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1514 Summerside Dr, Allen, TX, 75002 at $438,900 posts ROI 24.86% with $600/mo cash flow from $3,721/mo rent. Total monthly income equals $3,721/mo, and annual cash flow records $7,201/yr on $145,495 to close. Return on cash invested measures 24.86% and rental yield reads 10.17% at the current $438,900. Equity gained on principal adds $2,832/yr, and 5% annual appreciation supports $121,260 by year five. Five-year ROI prints 130.62% and total cumulative return in cash totals $190,045.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,721/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
7,405 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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Listed by: Wendy Poffenbarger • Fathom Realty
Mls Name: NTREIS
Mls ID: #20744799
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.