6304 Palomino DrPlanoTX75024
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 6304 Palomino Dr, Plano, TX, 75024 in Plano. At $829,900 it earns $6,488/mo in rent and distributes $504/mo to the owner after the $3,732/mo payment, a consistent 9.38% yield. DSCR 1.74 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $229,286 in value; $7,643/yr in principal paydown compounds ownership stake. Total projected return: $350,769.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $504 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $6,488 |
| Total Monthly Debt Service | $5,655 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
8,537 sqft lot
$N/A/sqft
$500 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75024, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,733 (100%) |
| Owner Occupied HU | 7,880 (36.3%) |
| Renter Occupied HU | 12,658 (58.2%) |
| Vacant Housing Units | 1,195 ( 5.5%) |
| Median Home Value | $604,054 |
| Average Home Value | $662,916 |
Housing Distribution
Address Breakdown
Residential
21,294
Single Family
8,970
Multi-Family
12,324
Businesses
2,209
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
Single Family
Built in 1994
8,537 sqft lot
$N/A/sqft
$500 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75024, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,733 (100%) |
| Owner Occupied HU | 7,880 (36.3%) |
| Renter Occupied HU | 12,658 (58.2%) |
| Vacant Housing Units | 1,195 ( 5.5%) |
| Median Home Value | $604,054 |
| Average Home Value | $662,916 |
Housing Distribution
Address Breakdown
Residential
21,294
Single Family
8,970
Multi-Family
12,324
Businesses
2,209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Iti Rout • Local Pro Realty, LLC
Mls Name: NTREIS
Mls ID: #20893095
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.