118 E Taft 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 Taft Ave, Harlingen, TX, 78550 offers $1,200/mo rent that, after a $697/mo payment, leaves $187/mo cash flow. Total monthly income is $1,200/mo, and annual cash flow is $2,245/yr on $47,239 cash. Return on cash invested measures 24.66% in year one, and rental yield stands at 10.11% at a $142,500 entry. Equity gained on principal adds $920/yr while 5% annual appreciation compounds into $39,370 by year five. Five-year ROI records 129.61% and total cumulative return in cash reaches $61,227. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $697/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
7,413 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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Listed by: Hector Cardoza • Altus Real Estate Group, LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29754613
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.