5004 Cedar Elm 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 5004 Cedar Elm Dr, McKinney, TX, 75070 priced at $440,000 pairs $2,999/mo rent with after a $2,154/mo payment. Total monthly income equals $2,999/mo. Return on cash invested is 18.26% in year one, and rental yield stands at 8.18% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 95.47% and total cumulative return in cash reaches $139,246. For financing, Ziffy Mortgage’s DSCR program evaluates $2,999/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
6,534 sqft lot
$N/A/sqft
$170 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: Lindsay Papon • Fathom Realty
Mls Name: NTREIS
Mls ID: #20682419
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.