12500 Melville Dr APT 233DMontgomeryTX77356
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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 Montgomery at 12500 Melville Dr APT 233D, Montgomery, TX, 77356 offers a 10.23% rental yield on a $214,000 purchase with $1,824/mo rent. Total monthly income registers $1,824/mo, and a $1,047/mo payment leaves $303/mo available for distribution. Annual cash flow reaches $3,632/yr on $70,941 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $1,381/yr while 5% annual appreciation supports $59,124 over five years. Portfolio math shows five-year ROI at 131.52% and total cumulative return in cash at $93,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,824/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1978
4.45 Acres lot
$N/A/sqft
No 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: Williamson Houston • Acres Realty
Mls Name: HAR
Mls ID: #3303003