2861 Concord DrWylieTX75098
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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 Wylie at 2861 Concord Dr, Wylie, TX, 75098 with 5% annual appreciation on a $409,475 basis while $4,524/mo rent supports operations. Total monthly income totals $4,524/mo and a $2,004/mo payment preserves $1,378/mo for cash returns. Annual cash flow comes to $16,540/yr on $135,741 deployed, and return on cash invested reaches 32.09% in year one. Equity gained on principal adds $2,642/yr, and five-year appreciation sums $113,130 alongside rental yield of 13.26%. Five-year ROI measures 170.15% and total cumulative return in cash totals $230,967.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,524/mo property income versus a $2,004/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2024
2,700 sqft lot
$N/A/sqft
$234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75098, Wylie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,342 (100%) |
| Owner Occupied HU | 20,222 (79.8%) |
| Renter Occupied HU | 4,520 (17.8%) |
| Vacant Housing Units | 600 ( 2.4%) |
| Median Home Value | $465,315 |
| Average Home Value | $527,786 |
Housing Distribution
Address Breakdown
Residential
24,598
Single Family
21,952
Multi-Family
2,646
Businesses
1,460
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Listed by: Robin Brown • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20575682
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.