8400 Hickory St UNIT 2902FriscoTX75034
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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 Frisco at 8400 Hickory St UNIT 2902, Frisco, TX, 75034 generates $2,580/mo in rent, after a $1,738/mo payment. Total monthly income is $2,580/mo. Return on cash invested sits at 16.9% in year one, and rental yield is 8.72% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 89.25% and total cumulative return in cash sums $105,036. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,580/mo property income rather than buyer’s personal income.
Condo
Built in 1995
3,049 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75034, Frisco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,641 (100%) |
| Owner Occupied HU | 9,511 (34.4%) |
| Renter Occupied HU | 15,308 (55.4%) |
| Vacant Housing Units | 2,822 (10.2%) |
| Median Home Value | $711,320 |
| Average Home Value | $808,546 |
Housing Distribution
Address Breakdown
Residential
25,604
Single Family
10,909
Multi-Family
14,695
Businesses
3,405
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Listed by: Juli Drake • Drake Copeland Realty
Mls Name: NTREIS
Mls ID: #20973045
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.