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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in McKinney at 8620 Arrow Dr, McKinney, TX, 75070 offers a 12.01% rental yield on a $480,000 purchase with $4,804/mo rent. Total monthly income registers $4,804/mo, and a $2,349/mo payment leaves $951/mo available for distribution. Annual cash flow reaches $11,412/yr on $159,120 to close, and return on cash invested stands at 27.08% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 143.7% and total cumulative return in cash at $228,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,804/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
28.19 Acres lot
$N/A/sqft
$440 monthly HOA
Neighborhood data shown for ZIP Code: 75070, Mc Kinney, TX area.
| 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 |
Residential
26,297
Single Family
14,288
Multi-Family
12,009
Businesses
2,441
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Listed for sale | $480,000 |
| 2023-10-16 | Sold | N/A |
| 2023-09-28 | Pending sale | $460,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $3959.97 | -27.80% | $380,904 | 10.00% |
| 2022-08-13 | $5484.77 | 0.43% | $346,276 | 10.00% |
| 2021-08-13 | $5461.21 | -2.58% | $314,796 | 0.24% |
Listed by: Mary Paschali • JPAR - McKinney
Mls Name: NTREIS
Mls ID: #20689212
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.
