1056 E Mile 11 NWeslacoTX78599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1056 E Mile 11 N, Weslaco, TX, 78599 offers a 9.45% rental yield on a $166,000 purchase with $1,307/mo rent. Total monthly income registers $1,307/mo, and a $812/mo payment leaves $127/mo available for distribution. Annual cash flow reaches $1,524/yr on $55,029 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $1,071/yr while 5% annual appreciation supports $45,863 over five years. Portfolio math shows five-year ROI at 119% and total cumulative return in cash at $65,485. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,307/mo property income against a $812/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
2.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78599, Weslaco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,801 (100%) |
| Owner Occupied HU | 7,532 (69.7%) |
| Renter Occupied HU | 2,542 (23.5%) |
| Vacant Housing Units | 727 ( 6.7%) |
| Median Home Value | $164,659 |
| Average Home Value | $183,359 |
Housing Distribution
Address Breakdown
Residential
10,336
Single Family
9,769
Multi-Family
567
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Liz Givens • Sapphire Prime Realty
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29766247
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.