2304 Shidler Dr APT 51BrownsvilleTX78521
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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 Brownsville at 2304 Shidler Dr APT 51, Brownsville, TX, 78521 uses $42,266 cash to close to unlock $952/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $986/mo, and a $624/mo payment keeps the spread at $79/mo. Purchase price stands at $127,500, and rental yield measures 9.28% with $986/mo rent. Return on cash invested shows 22.16% in year one, and 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 116.2% and total cumulative return in cash records $49,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $986/mo property income covering a $624/mo payment rather than investor’s personal income.
Condo
Built in 1974
2,517 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78521, Brownsville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,648 (100%) |
| Owner Occupied HU | 16,501 (52.1%) |
| Renter Occupied HU | 12,640 (39.9%) |
| Vacant Housing Units | 2,507 ( 7.9%) |
| Median Home Value | $113,948 |
| Average Home Value | $165,419 |
Housing Distribution
Address Breakdown
Residential
30,662
Single Family
25,891
Multi-Family
4,771
Businesses
2,790
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Listed by: Veronica Barron Martinez • RCR Real Connect Realty
Mls Name: RGVMLS
Mls ID: #29769155