402 Melody LnGainesvilleTX76240
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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 Gainesville at 402 Melody Ln, Gainesville, TX, 76240 priced at $329,900 pairs $2,182/mo rent with after a $1,615/mo payment. Total monthly income equals $2,182/mo. Return on cash invested is 18.11% in year one, and rental yield stands at 7.94% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 94.38% and total cumulative return in cash reaches $103,215. For financing, Ziffy Mortgage’s DSCR program evaluates $2,182/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: RITA GREER • RE/MAX FIRST REALTY
Mls Name: NTREIS
Mls ID: #21033856