2021 Bonham Falls DrMcKinneyTX75071
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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 2021 Bonham Falls Dr, McKinney, TX, 75071 priced at $899,990 converts $7,394/mo rent into $869/mo cash flow after a $4,405/mo obligation. Total monthly income equals $7,394/mo, and annual cash flow totals $10,428/yr on $296,097 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 9.86% against a $899,990 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,651 by year five. Five-year ROI reaches 123.92% and total cumulative return in cash sums $366,932. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,394/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.35 Acres lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75071, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,375 (100%) |
| Owner Occupied HU | 23,340 (69.9%) |
| Renter Occupied HU | 7,244 (21.7%) |
| Vacant Housing Units | 2,791 ( 8.4%) |
| Median Home Value | $534,507 |
| Average Home Value | $574,790 |
Housing Distribution
Address Breakdown
Residential
28,991
Single Family
25,399
Multi-Family
3,592
Businesses
1,491
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Listed by: Jeanie Douthitt • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20570629
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.