553 Oldbridge DrAllenTX75002
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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 553 Oldbridge Dr, Allen, TX, 75002 priced at $306,900 converts $2,507/mo rent into $325/mo cash flow after a $1,502/mo obligation. Total monthly income equals $2,507/mo, and annual cash flow totals $3,896/yr on $101,737 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 9.8% against a $306,900 entry. Equity gained on principal adds $1,980/yr, while 5% annual appreciation compiles into $84,791 by year five. Five-year ROI reaches 124.61% and total cumulative return in cash sums $126,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,507/mo property income covering a $1,502/mo payment, not borrower’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
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Listed by: James DeLaGarza • James Delagarza
Mls Name: NTREIS
Mls ID: #21064289
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.