2006 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 2006 Iris Rd, Melissa, TX, 75454 offers $2,699/mo rent that, after a $1,804/mo payment, leaves $37/mo cash flow. Total monthly income is $2,699/mo, and annual cash flow is $438/yr on $122,156 cash. Return on cash invested measures 20.27% in year one, and rental yield stands at 8.79% at a $368,494 entry. Equity gained on principal adds $2,378/yr while 5% annual appreciation compounds into $101,808 by year five. Five-year ROI records 106.12% and total cumulative return in cash reaches $129,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,699/mo property income versus a $1,804/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,795 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 • Historymaker Homes
Mls Name: NTREIS
Mls ID: #20962107
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.