406 Washington PlWylieTX75098
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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
Investment property for sale in Wylie at 406 Washington Pl, Wylie, TX, 75098 uses $140,888 cash to close to unlock $22,763/yr annual cash flow and $1,897/mo monthly cash flow. Total monthly income runs $4,919/mo, and a $2,080/mo payment keeps the spread at $1,897/mo. Purchase price stands at $425,000, and rental yield measures 13.89% with $4,919/mo rent. Return on cash invested shows 36.07% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 190.68% and total cumulative return in cash records $268,649. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,919/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1995
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75098, Wylie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,342 (100%) |
| Owner Occupied HU | 20,222 (79.8%) |
| Renter Occupied HU | 4,520 (17.8%) |
| Vacant Housing Units | 600 ( 2.4%) |
| Median Home Value | $465,315 |
| Average Home Value | $527,786 |
Housing Distribution
Address Breakdown
Residential
24,598
Single Family
21,952
Multi-Family
2,646
Businesses
1,460
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Listed by: Cindy Dunnican • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20667646
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.