22 Melanie CtLongviewTX75603
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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 Longview at 22 Melanie Ct, Longview, TX, 75603 generates $1,167/mo in rent and, after a $756/mo payment, leaves $67/mo in cash flow. Total monthly income is $1,167/mo, and annual cash flow is $804/yr on $51,200 invested. Return on cash invested sits at 21.48% in year one, and rental yield is 9.07% on a $154,450 entry. Equity gained on principal adds $997/yr, while 5% annual appreciation builds toward $42,672 over five years. Five-year ROI reaches 112.47% and total cumulative return in cash sums $57,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,167/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75603, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,094 (72.5%) |
| Renter Occupied HU | 375 (13.0%) |
| Vacant Housing Units | 420 (14.5%) |
| Median Home Value | $259,846 |
| Average Home Value | $278,822 |
Housing Distribution
Address Breakdown
Residential
2,670
Single Family
2,549
Multi-Family
121
Businesses
200
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