199 Redwood RdRio Grande CityTX78582
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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 Rio Grande City at 199 Redwood Rd, Rio Grande City, TX, 78582 priced at $110,000 pairs $840/mo rent with $58/mo cash flow after a $538/mo payment. Total monthly income equals $840/mo, and annual cash flow comes to $698/yr on $36,465 invested. Return on cash invested is 21.82% in year one, and rental yield stands at 9.16% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 114.42% and total cumulative return in cash reaches $41,724. For financing, Ziffy Mortgage’s DSCR program evaluates $840/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
9,496 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
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Listed by: Leticia Valdez • Lv Real Estate Group, Llc
Mls Name: Greater McAllen AOR
Mls ID: #471712
Disclaimer: Listing information is deemed reliable, but not guaranteed.