3057 Martello LnPlanoTX75074
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3057 Martello Ln, Plano, TX, 75074 offers $3,366/mo rent that, after a $2,540/mo payment. Total monthly income is $3,366/mo. Return on cash invested measures 17.51% in year one, and rental yield stands at 7.78% at a $519,000 entry. Equity gained on principal adds $3,349/yr while 5% annual appreciation compounds into $143,390 by year five. Five-year ROI records 91.25% and total cumulative return in cash reaches $155,817. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,366/mo property income versus a $2,540/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
5,749 sqft lot
$N/A/sqft
$463 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: Kyle Rovinsky • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #20875460
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.