503 Melinda LnDevineTX78016
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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
Investment property for sale in Devine at 503 Melinda Ln, Devine, TX, 78016 at $144,999 posts ROI 39.2% with $773/mo cash flow from $1,804/mo rent. Total monthly income equals $1,804/mo, and annual cash flow records $9,271/yr on $48,067 to close. Return on cash invested measures 39.2% and rental yield reads 14.93% at the current $144,999. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 207.5% and total cumulative return in cash totals $99,740.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,804/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78016, Devine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 2,895 (69.9%) |
| Renter Occupied HU | 836 (20.2%) |
| Vacant Housing Units | 408 ( 9.9%) |
| Median Home Value | $234,520 |
| Average Home Value | $289,339 |
Housing Distribution
Address Breakdown
Residential
3,988
Single Family
3,988
Multi-Family
0
Businesses
332
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Listed by: Mona Jones • Real
Mls Name: SABOR
Mls Provider:
Mls ID: #1806818
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.