7204 Black Cherry LnMcKinneyTX75071
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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 7204 Black Cherry Ln, McKinney, TX, 75071 earns from $3,236/mo rent with a $2,237/mo payment. Total monthly income totals $3,236/mo. ROI tracks 19.67% on current figures, and rental yield reads 8.5% at a $457,000 purchase. Equity gained on principal adds $2,949/yr, and 5% annual appreciation supports $126,261 over five years. Five-year ROI reaches 102.84% and total cumulative return in cash sums $155,803. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,236/mo property income instead of your personal income.
Single Family
Built in N/A
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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