1516 Stonehill CtAllenTX75002
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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 1516 Stonehill Ct, Allen, TX, 75002 uses $246,750 cash to close to unlock $5,583/yr annual cash flow and $465/mo monthly cash flow. Total monthly income runs $5,855/mo, and a $3,671/mo payment keeps the spread at $465/mo. Purchase price stands at $750,000, and rental yield measures 9.37% with $5,855/mo rent. Return on cash invested shows 22.32% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 117.08% and total cumulative return in cash records $288,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,855/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.32 Acres lot
$N/A/sqft
$675 annually 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: Kimberly McCarty • Keller Williams Realty Allen
Mls Name: NTREIS
Mls ID: #20957260
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.