23067 Cragon RdHarlingenTX78552
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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 Harlingen at 23067 Cragon Rd, Harlingen, TX, 78552 uses $49,725 cash to close to unlock $1,014/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $1,151/mo, and a $734/mo payment keeps the spread at $85/mo. Purchase price stands at $150,000, and rental yield measures 9.21% with $1,151/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 115.03% and total cumulative return in cash records $57,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,151/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78552, Harlingen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,154 (100%) |
| Owner Occupied HU | 10,887 (67.4%) |
| Renter Occupied HU | 3,097 (19.2%) |
| Vacant Housing Units | 2,170 (13.4%) |
| Median Home Value | $200,940 |
| Average Home Value | $229,638 |
Housing Distribution
Address Breakdown
Residential
13,840
Single Family
13,132
Multi-Family
708
Businesses
622
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