2402 Overlook DrMelissaTX75454
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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 2402 Overlook Dr, Melissa, TX, 75454 offers a 9.47% rental yield on a $429,522 purchase with $3,390/mo rent. Total monthly income registers $3,390/mo, and a $2,102/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,031/yr on $142,387 to close, and return on cash invested stands at 22.74% in year one. Equity gained on principal adds $2,772/yr while 5% annual appreciation supports $118,669 over five years. Portfolio math shows five-year ROI at 119.23% and total cumulative return in cash at $169,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,390/mo property income against a $2,102/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,998 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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