214 Franklin AveMcKinneyTX75069
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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 McKinney at 214 Franklin Ave, McKinney, TX, 75069 uses $109,378 cash to close to unlock $2,755/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $2,576/mo, and a $1,615/mo payment keeps the spread at $230/mo. Purchase price stands at $329,950, and rental yield measures 9.37% with $2,576/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $91,159 over five years. Five-year ROI reaches 117.56% and total cumulative return in cash records $128,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,576/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8,276 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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