1813 Erwin PlMcKinneyTX75069
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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 McKinney at 1813 Erwin Pl, McKinney, TX, 75069 priced at $399,000 converts $2,984/mo rent into $147/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,984/mo, and annual cash flow totals $1,759/yr on $132,269 invested. Return on cash invested prints 21.24% in year one, and rental yield reads 8.97% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 111.18% and total cumulative return in cash sums $147,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,984/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1971
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75069, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,709 (100%) |
| Owner Occupied HU | 8,440 (50.5%) |
| Renter Occupied HU | 7,288 (43.6%) |
| Vacant Housing Units | 981 ( 5.9%) |
| Median Home Value | $524,549 |
| Average Home Value | $611,054 |
Housing Distribution
Address Breakdown
Residential
17,059
Single Family
10,583
Multi-Family
6,476
Businesses
1,583
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Listed by: Sallie Laning • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20934913
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.