2513 Melbourne StHoustonTX77026
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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 Houston at 2513 Melbourne St, Houston, TX, 77026 with 5% annual appreciation on a $239,000 basis while $1,998/mo rent supports operations. Total monthly income totals $1,998/mo and a $1,170/mo payment preserves $298/mo for cash returns. Annual cash flow comes to $3,579/yr on $79,229 deployed, and return on cash invested reaches 24.43% in year one. Equity gained on principal adds $1,542/yr, and five-year appreciation sums $66,031 alongside rental yield of 10.03%. Five-year ROI measures 128.32% and total cumulative return in cash totals $101,664.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,998/mo property income versus a $1,170/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77026, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,710 (100%) |
| Owner Occupied HU | 3,624 (37.3%) |
| Renter Occupied HU | 4,966 (51.1%) |
| Vacant Housing Units | 1,120 (11.5%) |
| Median Home Value | $101,316 |
| Average Home Value | $165,168 |
Housing Distribution
Address Breakdown
Residential
8,695
Single Family
7,879
Multi-Family
816
Businesses
603
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