5605 Cojimar DrMcKinneyTX75070
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 McKinney at 5605 Cojimar Dr, McKinney, TX, 75070 uses $134,258 cash to close to unlock $1,059/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $2,968/mo, and a $1,982/mo payment keeps the spread at $88/mo. Purchase price stands at $405,000, and rental yield measures 8.79% with $2,968/mo rent. Return on cash invested shows 20.7% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 108.3% and total cumulative return in cash records $145,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,968/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Townhouse
Built in 2012
2,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75070, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,167 (100%) |
| Owner Occupied HU | 12,389 (44.0%) |
| Renter Occupied HU | 12,828 (45.5%) |
| Vacant Housing Units | 2,950 (10.5%) |
| Median Home Value | $510,838 |
| Average Home Value | $562,736 |
Housing Distribution
Address Breakdown
Residential
26,297
Single Family
14,288
Multi-Family
12,009
Businesses
2,441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices