605 Sherwood DrMelissaTX75454
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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 Melissa at 605 Sherwood Dr, Melissa, TX, 75454 earns from $2,699/mo rent with a $2,287/mo payment. Total monthly income totals $2,699/mo. ROI tracks 14.38% on current figures, and rental yield reads 6.93% at a $467,314 purchase. Equity gained on principal adds $3,016/yr, and 5% annual appreciation supports $129,110 over five years. Five-year ROI reaches 74.66% and total cumulative return in cash sums $115,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,699/mo property income instead of your personal income.
Single Family
Built in 2024
4,704 sqft lot
$N/A/sqft
$90 monthly 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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Listed by: Robin Brown • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20815111
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.