1906 Lexington AveAllenTX75013
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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 Allen at 1906 Lexington Ave, Allen, TX, 75013 priced at $1,199,000 converts $4,236/mo rent into after a $5,869/mo obligation. Total monthly income equals $4,236/mo. Return on cash invested prints 6.87% in year one, and rental yield reads 4.24% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 34.15% and total cumulative return in cash sums $132,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,236/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.25 Acres lot
$N/A/sqft
$955 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75013, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,738 (100%) |
| Owner Occupied HU | 12,605 (58.0%) |
| Renter Occupied HU | 7,807 (35.9%) |
| Vacant Housing Units | 1,326 ( 6.1%) |
| Median Home Value | $657,310 |
| Average Home Value | $697,117 |
Housing Distribution
Address Breakdown
Residential
20,972
Single Family
13,971
Multi-Family
7,001
Businesses
2,119
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Listed by: Jovann Canada-Walker • Agency Dallas Park Cities, LLC
Mls Name: NTREIS
Mls ID: #21036069
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.