1022 River Bend StRio Grande CityTX78582
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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
Rental property for sale in Rio Grande City at 1022 River Bend St, Rio Grande City, TX, 78582 priced at $399,750 converts $1,800/mo rent into after a $1,957/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 10.46% in year one, and rental yield reads 5.4% against a $399,750 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,444 by year five. Five-year ROI reaches 53.4% and total cumulative return in cash sums $70,761. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78582, Rio Grande City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,287 (100%) |
| Owner Occupied HU | 10,203 (66.7%) |
| Renter Occupied HU | 3,208 (21.0%) |
| Vacant Housing Units | 1,876 (12.3%) |
| Median Home Value | $120,548 |
| Average Home Value | $158,569 |
Housing Distribution
Address Breakdown
Residential
12,792
Single Family
12,247
Multi-Family
545
Businesses
942
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Listed by: Sergio Guerra • Cnc Realty Rgv, Llc
Mls Name: Greater McAllen AOR
Mls ID: #466951
Disclaimer: Listing information is deemed reliable, but not guaranteed.