1801 W Spring Creek Pkwy APT D1PlanoTX75023
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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 Plano at 1801 W Spring Creek Pkwy APT D1, Plano, TX, 75023 uses $84,533 cash to close to unlock $2,889/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $2,054/mo, and a $1,248/mo payment keeps the spread at $241/mo. Purchase price stands at $255,000, and rental yield measures 9.67% with $2,054/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 122.38% and total cumulative return in cash records $103,448. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,054/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1982
1,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75023, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,629 (100%) |
| Owner Occupied HU | 11,275 (60.5%) |
| Renter Occupied HU | 6,669 (35.8%) |
| Vacant Housing Units | 685 ( 3.7%) |
| Median Home Value | $435,719 |
| Average Home Value | $478,957 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
13,876
Multi-Family
5,502
Businesses
942
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