1801 W Spring Creek Pkwy APT X2PlanoTX75023
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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
Rental property for sale in Plano at 1801 W Spring Creek Pkwy APT X2, Plano, TX, 75023 priced at $219,500 converts $2,099/mo rent into $183/mo cash flow after a $1,074/mo obligation. Total monthly income equals $2,099/mo, and annual cash flow totals $2,201/yr on $72,764 invested. Return on cash invested prints 22.93% in year one, and rental yield reads 11.48% against a $219,500 entry. Equity gained on principal adds $1,416/yr, while 5% annual appreciation compiles into $60,644 by year five. Five-year ROI reaches 122.43% and total cumulative return in cash sums $89,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,099/mo property income covering a $1,074/mo payment, not borrower’s personal income.
Condo
Built in 1982
958.32 sqft lot
$N/A/sqft
$355 monthly 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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Listed by: Jeff Johnston • LPT Realty LLC
Mls Name: NTREIS
Mls ID: #20690340
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.