1900 Iris RdMelissaTX75454
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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 1900 Iris Rd, Melissa, TX, 75454 priced at $393,261 converts $2,699/mo rent into after a $1,925/mo obligation. Total monthly income equals $2,699/mo. Return on cash invested prints 18.63% in year one, and rental yield reads 8.24% against a $393,261 entry. Equity gained on principal adds $2,538/yr, while 5% annual appreciation compiles into $108,651 by year five. Five-year ROI reaches 97.3% and total cumulative return in cash sums $126,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,699/mo property income covering a $1,925/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
$500 annually 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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Listed by: Ben Caballero • IMP Realty
Mls Name: NTREIS
Mls ID: #20711127
Disclaimer: IDX information is provided exclusively for 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.