535 Northridge DrAllenTX75002
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
Investment property for sale in Allen at 535 Northridge Dr, Allen, TX, 75002 uses $82,875 cash to close to unlock $7,162/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,224/mo payment keeps the spread at $597/mo. Purchase price stands at $250,000, and rental yield measures 11.4% with $2,375/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 150.38% and total cumulative return in cash records $124,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1976
6,098 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices