209 Lexington AveMelissaTX75454
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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 209 Lexington Ave, Melissa, TX, 75454 uses $125,970 cash to close to unlock $2,348/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $2,898/mo, and a $1,860/mo payment keeps the spread at $196/mo. Purchase price stands at $380,000, and rental yield measures 9.15% with $2,898/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 114.05% and total cumulative return in cash records $143,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,898/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2020
5,488 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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