516 Midnight Oak DrMcKinneyTX75069
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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 McKinney at 516 Midnight Oak Dr, McKinney, TX, 75069 generates $3,440/mo in rent and, after a $2,208/mo payment, leaves $174/mo in cash flow. Total monthly income is $3,440/mo, and annual cash flow is $2,085/yr on $149,533 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 9.15% on a $451,079 entry. Equity gained on principal adds $2,911/yr, while 5% annual appreciation builds toward $124,625 over five years. Five-year ROI reaches 111.69% and total cumulative return in cash sums $167,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,440/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
$700 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: Patrick Mcgrath • Meritage Homes Realty
Mls Name: NTREIS
Mls ID: #21034973
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.