651 N Watters Rd #3404AllenTX75013
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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 Allen at 651 N Watters Rd #3404, Allen, TX, 75013 generates $3,350/mo in rent and, after a $2,247/mo payment, leaves $86/mo in cash flow. Total monthly income is $3,350/mo, and annual cash flow is $1,027/yr on $152,159 invested. Return on cash invested sits at 20.58% in year one, and rental yield is 8.76% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 107.67% and total cumulative return in cash sums $163,835. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,350/mo property income rather than buyer’s personal income.
Condo
Built in 2023
10.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75013, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,738 (100%) |
| Owner Occupied HU | 12,605 (58.0%) |
| Renter Occupied HU | 7,807 (35.9%) |
| Vacant Housing Units | 1,326 ( 6.1%) |
| Median Home Value | $657,310 |
| Average Home Value | $697,117 |
Housing Distribution
Address Breakdown
Residential
20,972
Single Family
13,971
Multi-Family
7,001
Businesses
2,119
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