3208 Morris LnMelissaTX75454
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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
Rental property for sale in Melissa at 3208 Morris Ln, Melissa, TX, 75454 priced at $619,000 pairs $3,890/mo rent with after a $3,030/mo payment. Total monthly income equals $3,890/mo. Return on cash invested is 16.24% in year one, and rental yield stands at 7.54% on a $619,000 basis. Equity gained on principal adds $3,994/yr, and 5% annual appreciation accumulates to $171,018 by year five. Five-year ROI measures 84.65% and total cumulative return in cash reaches $172,381. For financing, Ziffy Mortgage’s DSCR program evaluates $3,890/mo property income against a $3,030/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
8,145 sqft lot
$N/A/sqft
$1,268 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: Tao Long • U Property Management
Mls Name: NTREIS
Mls ID: #20914874
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.