602 Martell RdMcKinneyTX75407
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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 602 Martell Rd, McKinney, TX, 75407 priced at $403,226 converts $2,783/mo rent into after a $1,974/mo obligation. Total monthly income equals $2,783/mo. Return on cash invested prints 18.62% in year one, and rental yield reads 8.28% against a $403,226 entry. Equity gained on principal adds $2,602/yr, while 5% annual appreciation compiles into $111,404 by year five. Five-year ROI reaches 97.35% and total cumulative return in cash sums $130,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,783/mo property income covering a $1,974/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,967 sqft lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75407, Princeton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 13,677 (79.7%) |
| Renter Occupied HU | 2,597 (15.1%) |
| Vacant Housing Units | 880 ( 5.1%) |
| Median Home Value | $403,119 |
| Average Home Value | $463,002 |
Housing Distribution
Address Breakdown
Residential
16,425
Single Family
15,577
Multi-Family
848
Businesses
410
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Listed by: April Maki • Brightland Homes Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20850143
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.