23861 Ellie LnHarlingenTX78552
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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 23861 Ellie Ln, Harlingen, TX, 78552 offers a 9.59% rental yield on a $189,000 purchase with $1,510/mo rent. Total monthly income registers $1,510/mo, and a $925/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,993/yr on $62,654 to close, and return on cash invested stands at 23.09% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 121.2% and total cumulative return in cash at $75,934. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,510/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
5,445 sqft 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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Listed by: Lynette J. Benavides • KELLER WILLIAMS LRGV
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29761526
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.