5802 Melinda LnPasadenaTX77505
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 Pasadena at 5802 Melinda Ln, Pasadena, TX, 77505 generates $1,658/mo in rent, after a $1,145/mo payment. Total monthly income is $1,658/mo. Return on cash invested sits at 19.82% in year one, and rental yield is 8.5% on a $234,000 entry. Equity gained on principal adds $1,510/yr, while 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 103.62% and total cumulative return in cash sums $80,379. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,658/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
7,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77505, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,430 (100%) |
| Owner Occupied HU | 5,971 (70.8%) |
| Renter Occupied HU | 2,180 (25.9%) |
| Vacant Housing Units | 279 ( 3.3%) |
| Median Home Value | $324,233 |
| Average Home Value | $341,236 |
Housing Distribution
Address Breakdown
Residential
9,452
Single Family
6,681
Multi-Family
2,771
Businesses
940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices