4804 Cedar Crest DrMcKinneyTX75070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 McKinney at 4804 Cedar Crest Dr, McKinney, TX, 75070 priced at $370,000 converts $2,461/mo rent into after a $1,811/mo obligation. Total monthly income equals $2,461/mo. Return on cash invested prints 18.03% in year one, and rental yield reads 7.98% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 94.09% and total cumulative return in cash sums $115,409. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,461/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Single Family
Built in 1999
6,534 sqft lot
$N/A/sqft
$129 semi-annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jiji Abraham • Keller Williams Realty Allen
Mls Name: NTREIS
Mls ID: #20744355
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.