3024 Tahoe PlPlanoTX75023
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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 3024 Tahoe Pl, Plano, TX, 75023 priced at $617,400 converts $6,835/mo rent into $2,444/mo cash flow after a $3,022/mo obligation. Total monthly income equals $6,835/mo, and annual cash flow totals $29,333/yr on $203,125 invested. Return on cash invested prints 34.5% in year one, and rental yield reads 13.28% against a $617,400 entry. Equity gained on principal adds $3,984/yr, while 5% annual appreciation compiles into $170,576 by year five. Five-year ROI reaches 182.28% and total cumulative return in cash sums $370,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,835/mo property income covering a $3,022/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75023, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,629 (100%) |
| Owner Occupied HU | 11,275 (60.5%) |
| Renter Occupied HU | 6,669 (35.8%) |
| Vacant Housing Units | 685 ( 3.7%) |
| Median Home Value | $435,719 |
| Average Home Value | $478,957 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
13,876
Multi-Family
5,502
Businesses
942
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Listed by: Misty Forehand • Keller Williams Central
Mls Name: NTREIS
Mls ID: #20708434
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.