651 N Watters Rd #4403, Allen, TX, 75013 | 7.89% Rental Yield

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651 N Watters Rd #4403, Allen, TX, 75013 | 7.89% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Allen at 651 N Watters Rd #4403, Allen, TX, 75013 earns from $2,789/mo rent with a $2,075/mo payment. Total monthly income totals $2,789/mo. ROI tracks 17.98% on current figures, and rental yield reads 7.89% at a $424,000 purchase. Equity gained on principal adds $2,736/yr, and 5% annual appreciation supports $117,143 over five years. Five-year ROI reaches 93.74% and total cumulative return in cash sums $131,751. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,789/mo property income instead of your personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

THE ONLY ONE on the TOP FLOOR with hardwoods throughout, sound proof windows, and fireplace. Lock and Leave IMMACULATE 55+ condo with 2 bedrooms and 2 baths. Primary bedroom has sitting area, generous walk in closet, and spa-like ensuite bath. Primary bath features framed mirrors, luxurious walk-in shower, and separate vanity. Like BRAND NEW with large patio, gorgeous chef's kitchen with designer quartz countertops, and on-trend backsplash, decorative lighting, and an inviting open concept opening to the elegant living room with gas fireplace. Energy series STAR home with stainless Whirlpool appliances. Large laundry room with office space tucked away off the kitchen. Comes with remainder of the 1 year builder warranty through 12-31 and another year warranty on all systems. Community includes beautiful swimming pool, fitness center, pickleball court, grilling stations, putting green, community garden boxes, yoga and event lawn and a picnic with fire pit area. Homeowner frequently organized events, dog park and weekly front door trash valet. HOA fee includes Hazard Insurance for buildings, landscaping, secure access, elevators and common area maintenance. Detached over-sized one car garage. Close to shopping, restaurants and major highways. IT'S A BEAUTY!!

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