1600 Meadows DrPlanoTX75074
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
Rental property for sale in Plano at 1600 Meadows Dr, Plano, TX, 75074 offers $2,191/mo rent that, after a $1,322/mo payment, leaves $271/mo cash flow. Total monthly income is $2,191/mo, and annual cash flow is $3,246/yr on $89,505 cash. Return on cash invested measures 23.54% in year one, and rental yield stands at 9.74% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 123.52% and total cumulative return in cash reaches $110,557. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,191/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75074, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,431 (100%) |
| Owner Occupied HU | 10,270 (47.9%) |
| Renter Occupied HU | 9,864 (46.0%) |
| Vacant Housing Units | 1,297 ( 6.1%) |
| Median Home Value | $403,504 |
| Average Home Value | $454,485 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
12,891
Multi-Family
8,084
Businesses
2,380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Enrique Garcia • Asturias Realty Group, Inc.
Mls Name: NTREIS
Mls ID: #20936791
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.