2424 Balmoral DrPlanoTX75074
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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 Plano at 2424 Balmoral Dr, Plano, TX, 75074 priced at $719,000 pairs $6,083/mo rent with $915/mo cash flow after a $3,519/mo payment. Total monthly income equals $6,083/mo, and annual cash flow comes to $10,983/yr on $236,551 invested. Return on cash invested is 24.7% in year one, and rental yield stands at 10.15% on a $719,000 basis. Equity gained on principal adds $4,640/yr, and 5% annual appreciation accumulates to $198,646 by year five. Five-year ROI measures 129.84% and total cumulative return in cash reaches $307,145. For financing, Ziffy Mortgage’s DSCR program evaluates $6,083/mo property income against a $3,519/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
6,603 sqft lot
$N/A/sqft
$660 annually 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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Listed by: Peggy Hill • Keller Williams Legacy
Mls Name: NTREIS
Mls ID: #20670711
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.