4308 Spruce RdMelissaTX75454
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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 4308 Spruce Rd, Melissa, TX, 75454 generates $3,115/mo in rent and, after a $2,056/mo payment, leaves $128/mo in cash flow. Total monthly income is $3,115/mo, and annual cash flow is $1,536/yr on $139,230 invested. Return on cash invested sits at 21.01% in year one, and rental yield is 8.9% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 109.96% and total cumulative return in cash sums $153,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,115/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
6,969 sqft lot
$N/A/sqft
No 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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