1014 E Madison AveHarlingenTX78550
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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 Harlingen at 1014 E Madison Ave, Harlingen, TX, 78550 uses $49,830 cash to close to unlock $4,210/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,420/mo, and a $736/mo payment keeps the spread at $351/mo. Purchase price stands at $150,317, and rental yield measures 11.34% with $1,420/mo rent. Return on cash invested shows 28.36% in year one, and 5% annual appreciation builds toward $41,530 over five years. Five-year ROI reaches 149.35% and total cumulative return in cash records $74,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,420/mo property income covering a $736/mo payment rather than investor’s personal income.
Multi Family
Built in 1980
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78550, Harlingen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,670 (100%) |
| Owner Occupied HU | 10,629 (46.9%) |
| Renter Occupied HU | 9,732 (42.9%) |
| Vacant Housing Units | 2,309 (10.2%) |
| Median Home Value | $143,489 |
| Average Home Value | $174,244 |
Housing Distribution
Address Breakdown
Residential
20,733
Single Family
17,132
Multi-Family
3,601
Businesses
2,347
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