640 New Hope Rd EMcKinneyTX75071
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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
Investment property for sale in McKinney at 640 New Hope Rd E, McKinney, TX, 75071 listed at $649,900 pairs $4,229/mo rent with a $3,181/mo payment. Total monthly income runs $4,229/mo. Return on cash invested measures 15.11% in year one, and rental yield registers 7.81% at a $649,900 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,555 by year five. Five-year ROI tracks 79.28% and total cumulative return in cash totals $169,518. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,229/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
1 Acres 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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Listed by: Jim Edwards • RE/MAX Dallas Suburbs
Mls Name: NTREIS
Mls ID: #20916256
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.