2002 Cortez E, Mercedes, TX, 78570 | $97/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2002 Cortez E, Mercedes, TX, 78570 | $97/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mercedes at 2002 Cortez E, Mercedes, TX, 78570 offers a 9.43% rental yield on a $129,000 purchase with $1,014/mo rent. Total monthly income registers $1,014/mo, and a $631/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,165/yr on $42,764 to close, and return on cash invested stands at 22.63% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 118.76% and total cumulative return in cash at $50,785. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,014/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2018

2,888 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming casita offers comfort and functionality in a thoughtfully designed space. It is packed with features, character and is the perfect complement to RV living. The space includes a living room, family room/bar, kitchen, bathroom & laundry area. As you enter, you will be impressed by the quality of conveying furniture & appliances. In addition, you will have the option of enjoying indoor/outdoor living by simply opening the family room double doors that access the covered patio. This extra space will help to accommodate many more guests when entertaining. Most importantly, living at Llano Grande Resort will afford you the opportunity to enjoy all the amenities the park has to offer. These include multiple heated swimming pools, professional tennis courts, an 18-hole golf course, a fitness center, craft classes and many other special events. A great neighborhood awaits you with so many amenities. A resort feel with plenty of activities all year round. Come on in and enjoy!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78570, Mercedes, TX area.

Housing Distribution

Housing Statistics

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