1700 Heatherwood 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
Investment property for sale in Melissa at 1700 Heatherwood Dr, Melissa, TX, 75454 listed at $560,508 pairs $3,490/mo rent with a $2,743/mo payment. Total monthly income runs $3,490/mo. Return on cash invested measures 16.84% in year one, and rental yield registers 7.47% at a $560,508 basis. Equity gained on principal adds $3,617/yr, and annual property appreciation at 5% supports $154,858 by year five. Five-year ROI tracks 87.55% and total cumulative return in cash totals $161,457. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,490/mo property income relative to a $2,743/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
4,791 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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