2512 Parliament CtMcKinneyTX75071
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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 McKinney at 2512 Parliament Ct, McKinney, TX, 75071 priced at $924,900 converts $8,110/mo rent into $1,312/mo cash flow after a $4,527/mo obligation. Total monthly income equals $8,110/mo, and annual cash flow totals $15,744/yr on $304,292 invested. Return on cash invested prints 25.23% in year one, and rental yield reads 10.52% against a $924,900 entry. Equity gained on principal adds $5,968/yr, while 5% annual appreciation compiles into $255,533 by year five. Five-year ROI reaches 132.89% and total cumulative return in cash sums $404,381. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,110/mo property income covering a $4,527/mo payment, not borrower’s personal income.
Single Family
Built in 2021
8,363 sqft lot
$N/A/sqft
$200 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75071, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,375 (100%) |
| Owner Occupied HU | 23,340 (69.9%) |
| Renter Occupied HU | 7,244 (21.7%) |
| Vacant Housing Units | 2,791 ( 8.4%) |
| Median Home Value | $534,507 |
| Average Home Value | $574,790 |
Housing Distribution
Address Breakdown
Residential
28,991
Single Family
25,399
Multi-Family
3,592
Businesses
1,491
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Listed by: Melissa Ruoff • Keller Williams NO. Collin Cty
Mls Name: NTREIS
Mls ID: #20888892
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.