242 Melody RdLockhartTX78644
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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 Lockhart at 242 Melody Rd, Lockhart, TX, 78644 listed at $549,900 pairs $2,550/mo rent with a $2,691/mo payment. Total monthly income runs $2,550/mo. Return on cash invested measures 11.04% in year one, and rental yield registers 5.56% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 56.49% and total cumulative return in cash totals $102,194. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,550/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78644, Lockhart, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 5,615 (64.4%) |
| Renter Occupied HU | 2,384 (27.3%) |
| Vacant Housing Units | 725 ( 8.3%) |
| Median Home Value | $234,543 |
| Average Home Value | $282,891 |
Housing Distribution
Address Breakdown
Residential
8,067
Single Family
7,406
Multi-Family
661
Businesses
755
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