3012 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 3012 Melbourne St, Houston, TX, 77026 uses $56,024 cash to close to unlock $2,381/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,400/mo, and a $827/mo payment keeps the spread at $198/mo. Purchase price stands at $169,000, and rental yield measures 9.94% with $1,400/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 126.9% and total cumulative return in cash records $71,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,400/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1959
5,000 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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