12500 Melville Dr #211MontgomeryTX77356
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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 Montgomery at 12500 Melville Dr #211, Montgomery, TX, 77356 generates $2,802/mo in rent, after a $2,692/mo payment. Total monthly income is $2,802/mo. Return on cash invested sits at 11.78% in year one, and rental yield is 6.11% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 60.78% and total cumulative return in cash sums $109,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,802/mo property income rather than buyer’s personal income.
Condo
Built in 1978
4.45 Acres lot
$N/A/sqft
$1,150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77356, Montgomery, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,071 (100%) |
| Owner Occupied HU | 11,927 (69.9%) |
| Renter Occupied HU | 2,595 (15.2%) |
| Vacant Housing Units | 2,549 (14.9%) |
| Median Home Value | $480,331 |
| Average Home Value | $586,627 |
Housing Distribution
Address Breakdown
Residential
16,601
Single Family
14,964
Multi-Family
1,637
Businesses
1,222
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Listed by: James Sawyer • Sawyer Realty Group LLC
Mls Name: HAR
Mls Provider:
Mls ID: #93569353
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