3604 Melody LnTexarkanaTX75503
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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 Texarkana at 3604 Melody Ln, Texarkana, TX, 75503 priced at $355,000 pairs $2,654/mo rent with $106/mo cash flow after a $1,738/mo payment. Total monthly income equals $2,654/mo, and annual cash flow comes to $1,272/yr on $117,683 invested. Return on cash invested is 20.99% in year one, and rental yield stands at 8.97% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 109.98% and total cumulative return in cash reaches $129,432. For financing, Ziffy Mortgage’s DSCR program evaluates $2,654/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75503, Texarkana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,087 (100%) |
| Owner Occupied HU | 6,217 (56.1%) |
| Renter Occupied HU | 3,871 (34.9%) |
| Vacant Housing Units | 999 ( 9.0%) |
| Median Home Value | $272,309 |
| Average Home Value | $343,342 |
Housing Distribution
Address Breakdown
Residential
11,525
Single Family
9,358
Multi-Family
2,167
Businesses
1,263
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