12600 Melville Dr APT 305AMontgomeryTX77356
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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 12600 Melville Dr APT 305A, Montgomery, TX, 77356 generates $1,388/mo in rent and, after a $808/mo payment, leaves $214/mo in cash flow. Total monthly income is $1,388/mo, and annual cash flow is $2,571/yr on $54,698 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 10.09% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 129.35% and total cumulative return in cash sums $70,751. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,388/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
2.25 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: Ruben Villarreal • RE/MAX Integrity
Mls Name: HAR
Mls ID: #23669922