1600 Long Prairie 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 1600 Long Prairie Ct, Allen, TX, 75002 offers a 10.38% rental yield on a $610,000 purchase with $5,276/mo rent. Total monthly income registers $5,276/mo, and a $2,986/mo payment leaves $843/mo available for distribution. Annual cash flow reaches $10,115/yr on $200,690 to close, and return on cash invested stands at 25.1% in year one. Equity gained on principal adds $3,936/yr while 5% annual appreciation supports $168,532 over five years. Portfolio math shows five-year ROI at 132.07% and total cumulative return in cash at $265,051. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,276/mo property income against a $2,986/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
9,583 sqft 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: John Bertrand • Keller Williams NO. Collin Cty
Mls Name: NTREIS
Mls ID: #21003392
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.