118 E Matz AveHarlingenTX78550
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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 118 E Matz Ave, Harlingen, TX, 78550 priced at $228,300 pairs $1,771/mo rent with $148/mo cash flow after a $1,117/mo payment. Total monthly income equals $1,771/mo, and annual cash flow comes to $1,775/yr on $75,681 invested. Return on cash invested is 22.25% in year one, and rental yield stands at 9.31% on a $228,300 basis. Equity gained on principal adds $1,473/yr, and 5% annual appreciation accumulates to $63,075 by year five. Five-year ROI measures 116.62% and total cumulative return in cash reaches $88,261. For financing, Ziffy Mortgage’s DSCR program evaluates $1,771/mo property income against a $1,117/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78550, Harlingen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,670 (100%) |
| Owner Occupied HU | 10,629 (46.9%) |
| Renter Occupied HU | 9,732 (42.9%) |
| Vacant Housing Units | 2,309 (10.2%) |
| Median Home Value | $143,489 |
| Average Home Value | $174,244 |
Housing Distribution
Address Breakdown
Residential
20,733
Single Family
17,132
Multi-Family
3,601
Businesses
2,347
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