511 E Melville DrCrosbyTX77532
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Crosby at 511 E Melville Dr, Crosby, TX, 77532 priced at $220,000 converts $1,316/mo rent into after a $1,077/mo obligation. Total monthly income equals $1,316/mo. Return on cash invested prints 15.82% in year one, and rental yield reads 7.18% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 82.15% and total cumulative return in cash sums $59,915. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,316/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1950
5,898 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77532, Crosby, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,959 (100%) |
| Owner Occupied HU | 10,830 (77.6%) |
| Renter Occupied HU | 2,376 (17.0%) |
| Vacant Housing Units | 753 ( 5.4%) |
| Median Home Value | $295,326 |
| Average Home Value | $329,899 |
Housing Distribution
Address Breakdown
Residential
13,454
Single Family
13,004
Multi-Family
450
Businesses
669
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices