1912 Iris RdMelissaTX75454
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
Rental property for sale in Melissa at 1912 Iris Rd, Melissa, TX, 75454 offers $2,699/mo rent that, after a $1,895/mo payment. Total monthly income is $2,699/mo. Return on cash invested measures 19.4% in year one, and rental yield stands at 8.37% at a $387,144 entry. Equity gained on principal adds $2,498/yr while 5% annual appreciation compounds into $106,961 by year five. Five-year ROI records 101.32% and total cumulative return in cash reaches $130,032. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,699/mo property income versus a $1,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices