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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Plano at 1631 Laurel Ln, Plano, TX, 75074 generates $2,788/mo in rent and, after a $1,542/mo payment, leaves $548/mo in cash flow. Total monthly income is $2,788/mo, and annual cash flow is $6,573/yr on $104,419 invested. Return on cash invested sits at 26.2% in year one, and rental yield is 10.62% on a $314,990 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,026 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash sums $143,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,788/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75074, Plano, TX area.
| 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 |
Residential
20,975
Single Family
12,891
Multi-Family
8,084
Businesses
2,380
Date | Event | Price |
|---|---|---|
| 2024-11-09 | Listed for sale | $314,990 |
| 1996-09-18 | Sold | N/A |
| 1995-06-06 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $4593.00 | 108.61% | $271,676 | 30.93% |
| 2023-12-27 | $2201.69 | -23.50% | $207,497 | 10.00% |
| 2022-12-27 | $2878.15 | -1.63% | $188,634 | 10.00% |
Listed by: Jose R Vega • JPAR - Plano
Mls Name: NTREIS
Mls ID: #20774464
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.
