1413 Azalea DrMelissaTX75454
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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 Melissa at 1413 Azalea Dr, Melissa, TX, 75454 offers $2,904/mo rent that, after a $1,909/mo payment, leaves $130/mo cash flow. Total monthly income is $2,904/mo, and annual cash flow is $1,563/yr on $129,318 cash. Return on cash invested measures 21.12% in year one, and rental yield stands at 8.93% at a $390,100 entry. Equity gained on principal adds $2,517/yr while 5% annual appreciation compounds into $107,777 by year five. Five-year ROI records 110.56% and total cumulative return in cash reaches $142,972. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,904/mo property income versus a $1,909/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75454, Melissa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,378 (100%) |
| Owner Occupied HU | 7,662 (81.7%) |
| Renter Occupied HU | 1,094 (11.7%) |
| Vacant Housing Units | 622 ( 6.6%) |
| Median Home Value | $562,846 |
| Average Home Value | $591,690 |
Housing Distribution
Address Breakdown
Residential
7,880
Single Family
7,524
Multi-Family
356
Businesses
319
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