30121 Mellman RdHempsteadTX77445
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
Investment Highlights
Investment property for sale in Hempstead at 30121 Mellman Rd, Hempstead, TX, 77445 uses $101,074 cash to close to unlock $1,982/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $2,333/mo, and a $1,492/mo payment keeps the spread at $165/mo. Purchase price stands at $304,900, and rental yield measures 9.18% with $2,333/mo rent. Return on cash invested shows 21.87% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 114.61% and total cumulative return in cash records $115,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,333/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Single Family
Built in 1996
3.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77445, Hempstead, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 3,847 (58.2%) |
| Renter Occupied HU | 1,887 (28.5%) |
| Vacant Housing Units | 877 (13.3%) |
| Median Home Value | $270,294 |
| Average Home Value | $379,184 |
Housing Distribution
Address Breakdown
Residential
6,096
Single Family
5,706
Multi-Family
390
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices