1824 Spanish TrlPlanoTX75023
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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 1824 Spanish Trl, Plano, TX, 75023 offers a 9.22% rental yield on a $374,900 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,835/mo payment leaves $214/mo available for distribution. Annual cash flow reaches $2,568/yr on $124,279 to close, and return on cash invested stands at 21.98% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 115.12% and total cumulative return in cash at $143,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
7,945 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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