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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Keene at 907 Melanie Ln, Keene, TX, 76059 offers a 9.07% rental yield on a $269,900 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,321/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,449/yr on $89,472 to close, and return on cash invested stands at 21.53% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 112.73% and total cumulative return in cash at $100,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76059, Keene, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 874 (48.0%) |
| Renter Occupied HU | 759 (41.7%) |
| Vacant Housing Units | 187 (10.3%) |
| Median Home Value | $263,372 |
| Average Home Value | $342,305 |
Residential
1,741
Single Family
1,594
Multi-Family
147
Businesses
147
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brandt Osborne • Relo Radar
Mls Name: NTREIS
Mls ID: #20893428
