407 W Erwin AveMcKinneyTX75069
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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 McKinney at 407 W Erwin Ave, McKinney, TX, 75069 uses $76,245 cash to close to unlock $7,538/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,264/mo, and a $1,126/mo payment keeps the spread at $628/mo. Purchase price stands at $230,000, and rental yield measures 11.81% with $2,264/mo rent. Return on cash invested shows 29.8% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 157.11% and total cumulative return in cash records $119,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,264/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1946
4,791 sqft lot
$N/A/sqft
No 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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