473 Inverness 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 473 Inverness Dr, Fairview, TX, 75069 priced at $653,300 converts $3,761/mo rent into after a $3,198/mo obligation. Total monthly income equals $3,761/mo. Return on cash invested prints 13.18% in year one, and rental yield reads 6.91% against a $653,300 entry. Equity gained on principal adds $4,216/yr, while 5% annual appreciation compiles into $180,495 by year five. Five-year ROI reaches 68.68% and total cumulative return in cash sums $147,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,761/mo property income covering a $3,198/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.27 Acres lot
$N/A/sqft
$216 monthly 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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