2305 Merrimac DrPlanoTX75075
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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 2305 Merrimac Dr, Plano, TX, 75075 uses $159,816 cash to close to unlock $2,670/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $3,652/mo, and a $2,360/mo payment keeps the spread at $223/mo. Purchase price stands at $482,100, and rental yield measures 9.09% with $3,652/mo rent. Return on cash invested shows 21.58% in year one, and 5% annual appreciation builds toward $133,195 over five years. Five-year ROI reaches 113.02% and total cumulative return in cash records $180,628. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,652/mo property income covering a $2,360/mo payment rather than investor’s personal income.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75075, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,547 (100%) |
| Owner Occupied HU | 9,347 (56.5%) |
| Renter Occupied HU | 6,459 (39.0%) |
| Vacant Housing Units | 741 ( 4.5%) |
| Median Home Value | $454,891 |
| Average Home Value | $508,822 |
Housing Distribution
Address Breakdown
Residential
16,362
Single Family
11,425
Multi-Family
4,937
Businesses
1,410
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