353 Spring Meadow DrFairviewTX75069
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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 Fairview at 353 Spring Meadow Dr, Fairview, TX, 75069 priced at $542,500 pairs $3,643/mo rent with after a $2,655/mo payment. Total monthly income equals $3,643/mo. Return on cash invested is 18.24% in year one, and rental yield stands at 8.06% on a $542,500 basis. Equity gained on principal adds $3,501/yr, and 5% annual appreciation accumulates to $149,883 by year five. Five-year ROI measures 95.23% and total cumulative return in cash reaches $169,963. For financing, Ziffy Mortgage’s DSCR program evaluates $3,643/mo property income against a $2,655/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
6,534 sqft lot
$N/A/sqft
$670 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75069, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,709 (100%) |
| Owner Occupied HU | 8,440 (50.5%) |
| Renter Occupied HU | 7,288 (43.6%) |
| Vacant Housing Units | 981 ( 5.9%) |
| Median Home Value | $524,549 |
| Average Home Value | $611,054 |
Housing Distribution
Address Breakdown
Residential
17,059
Single Family
10,583
Multi-Family
6,476
Businesses
1,583
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Listed by: John Bertrand • Keller Williams NO. Collin Cty
Mls Name: NTREIS
Mls ID: #20737365
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.