7904 Elk Mountain TrlMcKinneyTX75070
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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 McKinney at 7904 Elk Mountain Trl, McKinney, TX, 75070 generates $3,295/mo in rent, after a $2,349/mo payment. Total monthly income is $3,295/mo. Return on cash invested sits at 18.31% in year one, and rental yield is 8.24% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 95.76% and total cumulative return in cash sums $152,369. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,295/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5,662 sqft lot
$N/A/sqft
$905 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75070, Mc Kinney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,167 (100%) |
| Owner Occupied HU | 12,389 (44.0%) |
| Renter Occupied HU | 12,828 (45.5%) |
| Vacant Housing Units | 2,950 (10.5%) |
| Median Home Value | $510,838 |
| Average Home Value | $562,736 |
Housing Distribution
Address Breakdown
Residential
26,297
Single Family
14,288
Multi-Family
12,009
Businesses
2,441
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Listed by: Anthony Cedano • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #20815017
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.