7837 Element AvePlanoTX75024
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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 Plano at 7837 Element Ave, Plano, TX, 75024 priced at $1,695,000 pairs $12,116/mo rent with after a $8,296/mo payment. Total monthly income equals $12,116/mo. Return on cash invested is 20.09% in year one, and rental yield stands at 8.58% on a $1,695,000 basis. Equity gained on principal adds $10,938/yr, and 5% annual appreciation accumulates to $468,297 by year five. Five-year ROI measures 105.1% and total cumulative return in cash reaches $577,173. For financing, Ziffy Mortgage’s DSCR program evaluates $12,116/mo property income against a $8,296/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
3,310 sqft lot
$N/A/sqft
$2,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75024, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,733 (100%) |
| Owner Occupied HU | 7,880 (36.3%) |
| Renter Occupied HU | 12,658 (58.2%) |
| Vacant Housing Units | 1,195 ( 5.5%) |
| Median Home Value | $604,054 |
| Average Home Value | $662,916 |
Housing Distribution
Address Breakdown
Residential
21,294
Single Family
8,970
Multi-Family
12,324
Businesses
2,209
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Listed by: Lisa Williams • EXP REALTY
Mls Name: NTREIS
Mls ID: #20552981
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.