116 Santa Elena LnRio 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 116 Santa Elena Ln, Rio Grande City, TX, 78582 offers $1,702/mo rent that, after a $1,170/mo payment, leaves $2/mo cash flow. Total monthly income is $1,702/mo, and annual cash flow is $27/yr on $79,229 cash. Return on cash invested measures 19.94% in year one, and rental yield stands at 8.55% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 104.28% and total cumulative return in cash reaches $82,620. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,702/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
5,000 sqft 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: Hiram Diaz • Cnc Realty Rgv, Llc
Mls Name: Greater McAllen AOR
Mls ID: #492945