12500 Melville Dr APT 331CMontgomeryTX77356
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
Rental property for sale in Montgomery at 12500 Melville Dr APT 331C, Montgomery, TX, 77356 generates $1,912/mo in rent and, after a $1,155/mo payment, leaves $138/mo in cash flow. Total monthly income is $1,912/mo, and annual cash flow is $1,659/yr on $78,201 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 9.73% on a $235,900 entry. Equity gained on principal adds $1,522/yr, while 5% annual appreciation builds toward $65,175 over five years. Five-year ROI reaches 116.01% and total cumulative return in cash sums $90,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,912/mo property income rather than buyer’s personal income.
Condo
Built in 1977
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Fleming • Compass RE Texas, LLC - Lake Conroe
Mls Name: HAR
Mls Provider:
Mls ID: #50153019
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers 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.