3405 Longneedle LnMcKinneyTX75070
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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
Total monthly income runs $3,462/mo, and a $2,827/mo payment. Purchase price stands at $577,500, and rental yield measures 7.19% with $3,462/mo rent. Return on cash invested shows 15.7% in year one, and 5% annual appreciation builds toward $159,553 over five years. Five-year ROI reaches 81.57% and total cumulative return in cash records $154,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,462/mo property income covering a $2,827/mo payment rather than investor’s personal income.
Single Family
Built in 2003
9,147 sqft lot
$N/A/sqft
$45 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75070, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,167 (100%) |
| Owner Occupied HU | 12,389 (44.0%) |
| Renter Occupied HU | 12,828 (45.5%) |
| Vacant Housing Units | 2,950 (10.5%) |
| Median Home Value | $510,838 |
| Average Home Value | $562,736 |
Housing Distribution
Address Breakdown
Residential
26,297
Single Family
14,288
Multi-Family
12,009
Businesses
2,441
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