226 Elm StMcKinneyTX75069
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.54% yield at 226 Elm St, McKinney, TX, 75069 in McKinney is solid, but the $1,706/mo payment compresses net cash flow to $1/mo at $379,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $104,849 by year five, and $3,495/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $145,546.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.8% |
| Monthly Cash Flow | $1 | $1,850 |
City averages based on McKinney market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,700 |
| Total Monthly Debt Service | $2,548 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1912
7,187 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1912
7,187 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices