111 Melrose DrTexarkanaTX75501
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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 Texarkana at 111 Melrose Dr, Texarkana, TX, 75501 priced at $153,900 converts $1,662/mo rent into $568/mo cash flow after a $753/mo obligation. Total monthly income equals $1,662/mo, and annual cash flow totals $6,814/yr on $51,018 invested. Return on cash invested prints 33.27% in year one, and rental yield reads 12.96% against a $153,900 entry. Equity gained on principal adds $993/yr, while 5% annual appreciation compiles into $42,520 by year five. Five-year ROI reaches 175.67% and total cumulative return in cash sums $89,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,662/mo property income covering a $753/mo payment, not borrower’s personal income.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75501, Texarkana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,734 (100%) |
| Owner Occupied HU | 8,081 (51.4%) |
| Renter Occupied HU | 6,091 (38.7%) |
| Vacant Housing Units | 1,562 ( 9.9%) |
| Median Home Value | $171,459 |
| Average Home Value | $217,741 |
Housing Distribution
Address Breakdown
Residential
15,400
Single Family
13,638
Multi-Family
1,762
Businesses
1,259
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