2909 Clear Springs 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
Rental property for sale in Plano at 2909 Clear Springs Dr, Plano, TX, 75075 generates $3,372/mo in rent and, after a $1,713/mo payment, leaves $658/mo in cash flow. Total monthly income is $3,372/mo, and annual cash flow is $7,901/yr on $115,992 invested. Return on cash invested sits at 26.72% in year one, and rental yield is 11.56% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 141.44% and total cumulative return in cash sums $164,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,372/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
3,049 sqft lot
$N/A/sqft
$225 monthly 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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Listed by: Morgan Severen • OnDemand Realty
Mls Name: NTREIS
Mls ID: #20904676
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.