2421 Laurel LnPlanoTX75074
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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 2421 Laurel Ln, Plano, TX, 75074 uses $114,368 cash to close to unlock $2,739/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $2,682/mo, and a $1,689/mo payment keeps the spread at $228/mo. Purchase price stands at $345,000, and rental yield measures 9.33% with $2,682/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 116.93% and total cumulative return in cash records $133,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,682/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1978
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75074, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,431 (100%) |
| Owner Occupied HU | 10,270 (47.9%) |
| Renter Occupied HU | 9,864 (46.0%) |
| Vacant Housing Units | 1,297 ( 6.1%) |
| Median Home Value | $403,504 |
| Average Home Value | $454,485 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
12,891
Multi-Family
8,084
Businesses
2,380
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