1009 Hickory Chase LnMelissaTX75454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Melissa at 1009 Hickory Chase Ln, Melissa, TX, 75454 uses $212,202 cash to close to unlock $851/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $4,716/mo, and a $3,157/mo payment keeps the spread at $71/mo. Purchase price stands at $644,990, and rental yield measures 8.77% with $4,716/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $178,199 over five years. Five-year ROI reaches 107.11% and total cumulative return in cash records $227,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,716/mo property income covering a $3,157/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,577 sqft lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75454, Melissa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,378 (100%) |
| Owner Occupied HU | 7,662 (81.7%) |
| Renter Occupied HU | 1,094 (11.7%) |
| Vacant Housing Units | 622 ( 6.6%) |
| Median Home Value | $562,846 |
| Average Home Value | $591,690 |
Housing Distribution
Address Breakdown
Residential
7,880
Single Family
7,524
Multi-Family
356
Businesses
319
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cassian Bernard • Escape Realty
Mls Name: NTREIS
Mls ID: #20652318
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.