506 River Rock WayAllenTX75002
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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 Allen at 506 River Rock Way, Allen, TX, 75002 offers $4,538/mo rent that, after a $3,059/mo payment, leaves $27/mo cash flow. Total monthly income is $4,538/mo, and annual cash flow is $323/yr on $205,625 cash. Return on cash invested measures 20.22% in year one, and rental yield stands at 8.71% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 105.81% and total cumulative return in cash reaches $217,573. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,538/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
4,878 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75002, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,005 (100%) |
| Owner Occupied HU | 18,826 (75.3%) |
| Renter Occupied HU | 5,504 (22.0%) |
| Vacant Housing Units | 675 ( 2.7%) |
| Median Home Value | $491,377 |
| Average Home Value | $588,591 |
Housing Distribution
Address Breakdown
Residential
24,556
Single Family
21,935
Multi-Family
2,621
Businesses
797
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Listed by: Ryan Cave • Keller Williams Realty Allen
Mls Name: NTREIS
Mls ID: #20974007
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.