7113 Black Cherry Ln #AUQDVTMcKinneyTX75071
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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 7113 Black Cherry Ln #AUQDVT, McKinney, TX, 75071 uses $111,948 cash to close to unlock $4,865/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $2,807/mo, and a $1,653/mo payment keeps the spread at $405/mo. Purchase price stands at $337,700, and rental yield measures 9.97% with $2,807/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $93,300 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash records $142,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,807/mo property income covering a $1,653/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A 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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