Oak Grove Plan, Highland LakesMcKinneyTX75071
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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 Oak Grove Plan, Highland Lakes, McKinney, TX, 75071 priced at $680,990 pairs $6,884/mo rent with $2,041/mo cash flow after a $3,333/mo payment. Total monthly income equals $6,884/mo, and annual cash flow comes to $24,498/yr on $224,046 invested. Return on cash invested is 30.99% in year one, and rental yield stands at 12.13% on a $680,990 basis. Equity gained on principal adds $4,394/yr, and 5% annual appreciation accumulates to $188,145 by year five. Five-year ROI measures 163.48% and total cumulative return in cash reaches $366,263. For financing, Ziffy Mortgage’s DSCR program evaluates $6,884/mo property income against a $3,333/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
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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