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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Allen at 651 N Watters Rd #7207, Allen, TX, 75013 offers a 6.57% rental yield on a $509,280 purchase with $2,789/mo rent. 73% in year one. Equity gained on principal adds $3,286/yr while 5% annual appreciation supports $140,705 over five years. Portfolio math shows five-year ROI at 61.06% and total cumulative return in cash at $102,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,789/mo property income against a $2,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$3,960 annually HOA
Neighborhood data shown for ZIP Code: 75013, Allen, TX area.
| 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 |
Residential
20,972
Single Family
13,971
Multi-Family
7,001
Businesses
2,119
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $509,280 |
| 2024-09-22 | Listing removed | $509,280 |
| 2024-09-20 | Listed for sale | $509,280 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | N/A | N/A | $346,209 | -5.11% |
| 2023-10-15 | $6539.31 | -24.03% | $364,863 | -15.85% |
| 2022-10-15 | $8607.65 | 44.19% | $433,577 | 54.42% |
Listed by: Ginger Weeks • RE/MAX DFW Associates
Mls Name: NTREIS
Mls ID: #20734687
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.
