23900 Oak Knoll DrMonte AltoTX78538
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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 Monte Alto at 23900 Oak Knoll Dr, Monte Alto, TX, 78538 earns $56/mo cash flow from $3,743/mo rent with a $2,398/mo payment. Total monthly income totals $3,743/mo, and annual cash flow totals $669/yr on $162,435 capital. ROI tracks 20.32% on current figures, and rental yield reads 9.17% at a $490,000 purchase. Equity gained on principal adds $3,162/yr, and 5% annual appreciation supports $135,378 over five years. Five-year ROI reaches 106.8% and total cumulative return in cash sums $173,484. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,743/mo property income instead of your personal income.
Single Family
Built in 2016
2.50 Acres lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78538, Edcouch, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,586 (100%) |
| Owner Occupied HU | 3,303 (72.0%) |
| Renter Occupied HU | 877 (19.1%) |
| Vacant Housing Units | 406 ( 8.9%) |
| Median Home Value | $119,912 |
| Average Home Value | $159,826 |
Housing Distribution
Address Breakdown
Residential
2,830
Single Family
2,830
Multi-Family
0
Businesses
82
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Listed by: Christian Sanchez • Excalibur Realty, Llc
Mls Name: Greater McAllen AOR
Mls ID: #426084
Disclaimer: Listing information is deemed reliable, but not guaranteed.