1301 E Iris AveMcAllenTX78501
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Nearby investment properties with comparable prices
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 McAllen at 1301 E Iris Ave, McAllen, TX, 78501 offers $2,940/mo rent that, after a $2,726/mo payment. Total monthly income is $2,940/mo. Return on cash invested measures 13.1% in year one, and rental yield stands at 6.33% at a $557,000 entry. Equity gained on principal adds $3,594/yr while 5% annual appreciation compounds into $153,889 by year five. Five-year ROI records 67.64% and total cumulative return in cash reaches $123,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,940/mo property income versus a $2,726/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2023
9,347 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78501, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,633 (100%) |
| Owner Occupied HU | 11,771 (44.2%) |
| Renter Occupied HU | 11,969 (44.9%) |
| Vacant Housing Units | 2,893 (10.9%) |
| Median Home Value | $182,269 |
| Average Home Value | $208,656 |
Housing Distribution
Address Breakdown
Residential
24,170
Single Family
19,817
Multi-Family
4,353
Businesses
4,074
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