153 Enterprise Dr #2204McKinneyTX75069
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 153 Enterprise Dr #2204, McKinney, TX, 75069 in McKinney is the 1.62 coverage ratio: rent of $2,545/mo versus a $1,571/mo debt payment on a $349,400 property. Rental yield 8.74%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $96,533 by year five, with $3,218/yr in equity from paydown. Total projected cumulative return: $105,398.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 5.8% |
| Monthly Cash Flow | $(479) | $1,850 |
City averages based on McKinney market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,545 |
| Total Monthly Debt Service | $2,886 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
N/A lot
$N/A/sqft
$540 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75069, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,709 (100%) |
| Owner Occupied HU | 8,440 (50.5%) |
| Renter Occupied HU | 7,288 (43.6%) |
| Vacant Housing Units | 981 ( 5.9%) |
| Median Home Value | $524,549 |
| Average Home Value | $611,054 |
Housing Distribution
Address Breakdown
Residential
17,059
Single Family
10,583
Multi-Family
6,476
Businesses
1,583
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
Condo
Built in 2023
N/A lot
$N/A/sqft
$540 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75069, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,709 (100%) |
| Owner Occupied HU | 8,440 (50.5%) |
| Renter Occupied HU | 7,288 (43.6%) |
| Vacant Housing Units | 981 ( 5.9%) |
| Median Home Value | $524,549 |
| Average Home Value | $611,054 |
Housing Distribution
Address Breakdown
Residential
17,059
Single Family
10,583
Multi-Family
6,476
Businesses
1,583
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Butcher • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20799800
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.