5612 Settlement WayMcKinneyTX75070
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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 5612 Settlement Way, McKinney, TX, 75070 priced at $1,850,000 pairs $5,341/mo rent with after a $9,055/mo payment. Total monthly income equals $5,341/mo. Return on cash invested is 3.13% in year one, and rental yield stands at 3.46% on a $1,850,000 basis. Equity gained on principal adds $11,938/yr, and 5% annual appreciation accumulates to $511,121 by year five. Five-year ROI measures 14.6% and total cumulative return in cash reaches $87,517. For financing, Ziffy Mortgage’s DSCR program evaluates $5,341/mo property income against a $9,055/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2017
5,924 sqft lot
$N/A/sqft
$795 monthly 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
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Listed by: Jeff Reinhard • Reinhard Real Estate LLC
Mls Name: NTREIS
Mls ID: #20666531
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.