1006 W Scallop St #1006Port IsabelTX78578
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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 Port Isabel at 1006 W Scallop St #1006, Port Isabel, TX, 78578 listed at $395,000 pairs $2,400/mo rent with a $1,933/mo payment. Total monthly income runs $2,400/mo. Return on cash invested measures 12.92% in year one, and rental yield registers 7.29% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 67.77% and total cumulative return in cash totals $88,734. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
2,308 sqft lot
$N/A/sqft
$354 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78578, Port Isabel, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 2,632 (42.1%) |
| Renter Occupied HU | 1,490 (23.8%) |
| Vacant Housing Units | 2,135 (34.1%) |
| Median Home Value | $320,382 |
| Average Home Value | $351,909 |
Housing Distribution
Address Breakdown
Residential
4,035
Single Family
4,002
Multi-Family
33
Businesses
329
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Listed by: Maggie Bolado • Blue Heron Realty & Management
Mls Name: Greater McAllen AOR
Mls ID: #468028
Disclaimer: Listing information is deemed reliable, but not guaranteed.