116 N Nueces Park LnHarlingenTX78552
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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 Harlingen at 116 N Nueces Park Ln, Harlingen, TX, 78552 priced at $584,000 converts $2,760/mo rent into after a $2,858/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 10.34% in year one, and rental yield reads 5.67% against a $584,000 entry. Equity gained on principal adds $3,768/yr, while 5% annual appreciation compiles into $161,348 by year five. Five-year ROI reaches 53.09% and total cumulative return in cash sums $102,004. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $2,858/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78552, Harlingen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,154 (100%) |
| Owner Occupied HU | 10,887 (67.4%) |
| Renter Occupied HU | 3,097 (19.2%) |
| Vacant Housing Units | 2,170 (13.4%) |
| Median Home Value | $200,940 |
| Average Home Value | $229,638 |
Housing Distribution
Address Breakdown
Residential
13,840
Single Family
13,132
Multi-Family
708
Businesses
622
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Listed by: Jacquelyn Wright • MARCUS PHIPPS REAL ESTATE, LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29757560
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.