1006 E 23rd StWeslacoTX78596
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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 Weslaco at 1006 E 23rd St, Weslaco, TX, 78596 uses $38,123 cash to close to unlock $4,729/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $1,212/mo, and a $563/mo payment keeps the spread at $394/mo. Purchase price stands at $115,000, and rental yield measures 12.65% with $1,212/mo rent. Return on cash invested shows 32.31% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 170.7% and total cumulative return in cash records $65,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,212/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1990
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78596, Weslaco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,934 (100%) |
| Owner Occupied HU | 9,484 (56.0%) |
| Renter Occupied HU | 4,091 (24.2%) |
| Vacant Housing Units | 3,359 (19.8%) |
| Median Home Value | $137,699 |
| Average Home Value | $177,708 |
Housing Distribution
Address Breakdown
Residential
15,945
Single Family
13,864
Multi-Family
2,081
Businesses
1,272
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