1820 Plainview StRio Grande CityTX78582
Nearby investment properties with comparable rents
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 Rio Grande City at 1820 Plainview St, Rio Grande City, TX, 78582 priced at $253,000 converts $1,906/mo rent into $107/mo cash flow after a $1,238/mo obligation. Total monthly income equals $1,906/mo, and annual cash flow totals $1,286/yr on $83,870 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 9.04% against a $253,000 entry. Equity gained on principal adds $1,633/yr, while 5% annual appreciation compiles into $69,899 by year five. Five-year ROI reaches 112.32% and total cumulative return in cash sums $94,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,906/mo property income covering a $1,238/mo payment, not borrower’s personal income.
Single Family
Built in 1997
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78582, Rio Grande City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,287 (100%) |
| Owner Occupied HU | 10,203 (66.7%) |
| Renter Occupied HU | 3,208 (21.0%) |
| Vacant Housing Units | 1,876 (12.3%) |
| Median Home Value | $120,548 |
| Average Home Value | $158,569 |
Housing Distribution
Address Breakdown
Residential
12,792
Single Family
12,247
Multi-Family
545
Businesses
942
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hugo Alaniz • Encore Fine Properties
Mls Name: Greater McAllen AOR
Mls ID: #451420
Disclaimer: Listing information is deemed reliable, but not guaranteed.