3104 Pinecrest DrMelissaTX75454
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 Melissa at 3104 Pinecrest Dr, Melissa, TX, 75454 offers a 8.37% rental yield on a $455,000 purchase with $3,175/mo rent. 31% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 95.9% and total cumulative return in cash at $144,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,175/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
8,712 sqft lot
$N/A/sqft
$189 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Andrews • Local Pro Realty, LLC
Mls Name: NTREIS
Mls ID: #21039152
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.