1108 Melcer StPlanoTX75074
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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
Investment property for sale in Plano at 1108 Melcer St, Plano, TX, 75074 offers a 9.64% rental yield on a $811,000 purchase with $6,517/mo rent. Total monthly income registers $6,517/mo, and a $3,969/mo payment leaves $750/mo available for distribution. Annual cash flow reaches $9,003/yr on $266,819 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $5,233/yr while 5% annual appreciation supports $224,064 over five years. Portfolio math shows five-year ROI at 122.94% and total cumulative return in cash at $328,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,517/mo property income against a $3,969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75074, Plano, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,431 (100%) |
| Owner Occupied HU | 10,270 (47.9%) |
| Renter Occupied HU | 9,864 (46.0%) |
| Vacant Housing Units | 1,297 ( 6.1%) |
| Median Home Value | $403,504 |
| Average Home Value | $454,485 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
12,891
Multi-Family
8,084
Businesses
2,380
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