153 Enterprise Dr #2313, McKinney, TX, 75069 | $302/mo Cash Flow

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153 Enterprise Dr #2313, McKinney, TX, 75069 | $302/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in McKinney at 153 Enterprise Dr #2313, McKinney, TX, 75069 uses $87,085 cash to close to unlock $3,620/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $2,170/mo, and a $1,286/mo payment keeps the spread at $302/mo. Purchase price stands at $262,700, and rental yield measures 9.91% with $2,170/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $72,579 over five years. Five-year ROI reaches 126.36% and total cumulative return in cash records $110,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,170/mo property income covering a $1,286/mo payment rather than investor’s personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

The Victoria is a senior living community specifically designed for individuals aged 55 and older. It offers a range of amenities and services to enhance the quality of life for its residents. Some notable features of The Victoria include: On-site maintenance services, Door-to-door trash pick-up, Home health offices located in the clubhouse, a coffee shop where residents can socialize, relax, and enjoy their favorite beverages, and fitness center. This unit offers one-bedroom and one and a half baths, spacious walk-in showers, offering convenience and accessibility for residents. The main living areas of the condos feature luxury vinyl plank flooring, providing an attractive and durable flooring option. The pre-selling phase is currently underway, with an estimated completion date of April 2023. For further inquiries or to learn more about The Victoria contact agent. The Victoria is under construction and we will have to meet at one of our offices to give you more details. 2025-01-23

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