1109 Palm AveLa FeriaTX78559
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
Rental property for sale in La Feria at 1109 Palm Ave, La Feria, TX, 78559 offers $2,218/mo rent that, after a $1,583/mo payment. Total monthly income is $2,218/mo. Return on cash invested measures 18.12% in year one, and rental yield stands at 8.23% at a $323,400 entry. Equity gained on principal adds $2,087/yr while 5% annual appreciation compounds into $89,349 by year five. Five-year ROI records 94.75% and total cumulative return in cash reaches $101,583. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,218/mo property income versus a $1,583/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
9,665 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78559, La Feria, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 3,332 (61.2%) |
| Renter Occupied HU | 1,127 (20.7%) |
| Vacant Housing Units | 982 (18.0%) |
| Median Home Value | $149,171 |
| Average Home Value | $183,703 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
4,422
Multi-Family
25
Businesses
290
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