1603 Lexington AveAllenTX75013
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
Investment property for sale in Allen at 1603 Lexington Ave, Allen, TX, 75013 uses $383,940 cash to close to unlock $9,297/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $9,281/mo, and a $5,800/mo payment keeps the spread at $775/mo. Purchase price stands at $1,185,000, and rental yield measures 9.4% with $9,281/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $327,394 over five years. Five-year ROI reaches 119.53% and total cumulative return in cash records $458,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,281/mo property income covering a $5,800/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.37 Acres lot
$N/A/sqft
$477 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75013, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,738 (100%) |
| Owner Occupied HU | 12,605 (58.0%) |
| Renter Occupied HU | 7,807 (35.9%) |
| Vacant Housing Units | 1,326 ( 6.1%) |
| Median Home Value | $657,310 |
| Average Home Value | $697,117 |
Housing Distribution
Address Breakdown
Residential
20,972
Single Family
13,971
Multi-Family
7,001
Businesses
2,119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda Childress • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20587594
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.