1409 Pine CtHarlingenTX78550
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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 Harlingen at 1409 Pine Ct, Harlingen, TX, 78550 uses $121,959 cash to close to unlock $1,326/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $2,758/mo, and a $1,801/mo payment keeps the spread at $111/mo. Purchase price stands at $367,900, and rental yield measures 9% with $2,758/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $101,644 over five years. Five-year ROI reaches 110.01% and total cumulative return in cash records $134,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,758/mo property income covering a $1,801/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.30 Acres 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: Jane Sanders • RE/MAX ELITE
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29765523
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.