211 E Harris AveRaymondvilleTX78580
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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 Raymondville at 211 E Harris Ave, Raymondville, TX, 78580 offers a 10.95% rental yield on a $174,900 purchase with $1,596/mo rent. Total monthly income registers $1,596/mo, and a $856/mo payment leaves $352/mo available for distribution. Annual cash flow reaches $4,228/yr on $57,979 to close, and return on cash invested stands at 27.2% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 143.22% and total cumulative return in cash at $83,040. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,596/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78580, Raymondville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,714 (60.9%) |
| Renter Occupied HU | 1,080 (24.2%) |
| Vacant Housing Units | 665 (14.9%) |
| Median Home Value | $75,664 |
| Average Home Value | $122,856 |
Housing Distribution
Address Breakdown
Residential
3,550
Single Family
3,362
Multi-Family
188
Businesses
377
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Listed by: Angela Ramirez • Real Broker, LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29768602
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.