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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mercedes at 1403 W 2nd St, Mercedes, TX, 78570 generates $1,519/mo in rent, after a $1,101/mo payment. Total monthly income is $1,519/mo. Return on cash invested sits at 18.61% in year one, and rental yield is 8.1% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 97.12% and total cumulative return in cash sums $72,441. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,519/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78570, Mercedes, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,532 (100%) |
| Owner Occupied HU | 7,290 (63.2%) |
| Renter Occupied HU | 2,762 (24.0%) |
| Vacant Housing Units | 1,480 (12.8%) |
| Median Home Value | $105,549 |
| Average Home Value | $140,885 |
Residential
10,075
Single Family
9,093
Multi-Family
982
Businesses
683
Date | Event | Price |
|---|---|---|
| 2024-12-28 | Listed for sale | $225,000 |
| 2021-08-04 | Sold | N/A |
| 2021-07-21 | Pending sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lulu Gonzalez • Mary Lou Henry Real Estate
Mls Name: Greater McAllen AOR
Mls ID: #457356
Disclaimer: Listing information is deemed reliable, but not guaranteed.
