117 Hernandez RdRio 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
Investment property for sale in Rio Grande City at 117 Hernandez Rd, Rio Grande City, TX, 78582 offers a 8.6% rental yield on a $215,000 purchase with $1,540/mo rent. Total monthly income registers $1,540/mo, and a $1,052/mo payment leaves $11/mo available for distribution. Annual cash flow reaches $137/yr on $71,273 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 105.11% and total cumulative return in cash at $74,917. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,540/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
6,873 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: Nitza Pena • Fox Real Estate Pros
Mls Name: Greater McAllen AOR
Mls ID: #486207