3028 Whispering Pine BlvdMelissaTX75454
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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 Melissa at 3028 Whispering Pine Blvd, Melissa, TX, 75454 listed at $410,000 pairs $3,005/mo rent with a $2,007/mo payment to leave $47/mo cash flow. Total monthly income runs $3,005/mo, and annual cash flow reaches $570/yr on $135,915 cash to close. Return on cash invested measures 20.33% in year one, and rental yield registers 8.8% at a $410,000 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 106.44% and total cumulative return in cash totals $144,671. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,005/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2011
7,405 sqft lot
$N/A/sqft
$250 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75454, Melissa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,378 (100%) |
| Owner Occupied HU | 7,662 (81.7%) |
| Renter Occupied HU | 1,094 (11.7%) |
| Vacant Housing Units | 622 ( 6.6%) |
| Median Home Value | $562,846 |
| Average Home Value | $591,690 |
Housing Distribution
Address Breakdown
Residential
7,880
Single Family
7,524
Multi-Family
356
Businesses
319
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Listed by: Scott Lathrop • Monument Realty
Mls Name: NTREIS
Mls ID: #20985499
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.