607 Melody LnGainesvilleTX76240
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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 Gainesville at 607 Melody Ln, Gainesville, TX, 76240 uses $58,013 cash to close to unlock $1,223/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,362/mo, and a $857/mo payment keeps the spread at $102/mo. Purchase price stands at $175,000, and rental yield measures 9.34% with $1,362/mo rent. Return on cash invested shows 22.02% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 115.48% and total cumulative return in cash records $66,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,362/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1961
8,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Gary Hibert • Shoehorn Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20882895
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.