2104 E Harrison StMelissaTX75454
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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 2104 E Harrison St, Melissa, TX, 75454 uses $86,190 cash to close to unlock $4,976/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $2,264/mo, and a $1,273/mo payment keeps the spread at $415/mo. Purchase price stands at $260,000, and rental yield measures 10.45% with $2,264/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 135.02% and total cumulative return in cash records $116,369. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,264/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1965
10,127 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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Listed by: Nathan Council • Nathan Paul Council
Mls Name: NTREIS
Mls ID: #20935511
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.