2908 Wallis DrMelissaTX75165
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.61, 2908 Wallis Dr, Melissa, TX, 75165 in Melissa sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.67%. The 8.67% yield is backed by 5% annual appreciation projecting $179,307 in value gain, plus $5,977/yr in principal reduction. Total projected cumulative return: $247,555.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $(26) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,690 |
| Total Monthly Debt Service | $4,457 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
8,899 sqft lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75165, Waxahachie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,815 (100%) |
| Owner Occupied HU | 14,366 (65.9%) |
| Renter Occupied HU | 6,168 (28.3%) |
| Vacant Housing Units | 1,281 ( 5.9%) |
| Median Home Value | $351,258 |
| Average Home Value | $396,397 |
Housing Distribution
Address Breakdown
Residential
21,540
Single Family
18,284
Multi-Family
3,256
Businesses
1,381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
8,899 sqft lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75165, Waxahachie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,815 (100%) |
| Owner Occupied HU | 14,366 (65.9%) |
| Renter Occupied HU | 6,168 (28.3%) |
| Vacant Housing Units | 1,281 ( 5.9%) |
| Median Home Value | $351,258 |
| Average Home Value | $396,397 |
Housing Distribution
Address Breakdown
Residential
21,540
Single Family
18,284
Multi-Family
3,256
Businesses
1,381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Caballero • HomesUSA.com
Mls Name: NTREIS
Mls ID: #21192452
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.