6240 Simone AveMcKinneyTX75071
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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 6240 Simone Ave, McKinney, TX, 75071 generates $8,110/mo in rent and, after a $4,140/mo payment, leaves $2,095/mo in cash flow. Total monthly income is $8,110/mo, and annual cash flow is $25,138/yr on $278,309 invested. Return on cash invested sits at 29.09% in year one, and rental yield is 11.5% on a $845,924 entry. Equity gained on principal adds $5,459/yr, while 5% annual appreciation builds toward $233,713 over five years. Five-year ROI reaches 153.27% and total cumulative return in cash sums $426,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,110/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75071, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,375 (100%) |
| Owner Occupied HU | 23,340 (69.9%) |
| Renter Occupied HU | 7,244 (21.7%) |
| Vacant Housing Units | 2,791 ( 8.4%) |
| Median Home Value | $534,507 |
| Average Home Value | $574,790 |
Housing Distribution
Address Breakdown
Residential
28,991
Single Family
25,399
Multi-Family
3,592
Businesses
1,491
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