12565 Melville Dr UNIT 124MontgomeryTX77356
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
Investment property for sale in Montgomery at 12565 Melville Dr UNIT 124, Montgomery, TX, 77356 uses $62,952 cash to close to unlock $4,417/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $1,718/mo, and a $929/mo payment keeps the spread at $368/mo. Purchase price stands at $189,900, and rental yield measures 10.86% with $1,718/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 141.74% and total cumulative return in cash records $89,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,718/mo property income covering a $929/mo payment rather than investor’s personal income.
Townhouse
Built in 2000
1.92 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Carnine • Berkshire Hathaway HomeServices Premier Properties
Mls Name: HAR
Mls ID: #85237616