2029 W Michigan DrHarlingenTX78550
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
Total monthly income runs $1,200/mo, and a $928/mo payment. Purchase price stands at $189,500, and rental yield measures 7.6% with $1,200/mo rent. Return on cash invested shows 14.69% in year one, and 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 76.92% and total cumulative return in cash records $48,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $928/mo payment rather than investor’s personal income.
Single Family
Built in 1983
5,227 sqft lot
$N/A/sqft
$125 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Alaniz • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #103470
Disclaimer: Information provided by South Padre Island BOR is deemed reliable but not guaranteed. South Padre Island BOR data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.