516 Georgia StMcKinneyTX75069
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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 516 Georgia St, McKinney, TX, 75069 offers a 7.89% rental yield on a $699,000 purchase with $4,598/mo rent. 6% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 91.81% and total cumulative return in cash at $211,130. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,598/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,189 sqft lot
$N/A/sqft
$1,200 annually 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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Listed by: Jennifer Johnson • Ryan Griffin
Mls Name: NTREIS
Mls ID: #20562224
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.