2402 N Ed Carey Dr APT 17HarlingenTX78550
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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 2402 N Ed Carey Dr APT 17, Harlingen, TX, 78550 earns $6/mo cash flow from $1,158/mo rent with a $734/mo payment. Total monthly income totals $1,158/mo, and annual cash flow totals $69/yr on $49,725 capital. ROI tracks 20.05% on current figures, and rental yield reads 9.26% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash sums $52,494. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,158/mo property income instead of your personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78550, Harlingen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,670 (100%) |
| Owner Occupied HU | 10,629 (46.9%) |
| Renter Occupied HU | 9,732 (42.9%) |
| Vacant Housing Units | 2,309 (10.2%) |
| Median Home Value | $143,489 |
| Average Home Value | $174,244 |
Housing Distribution
Address Breakdown
Residential
20,733
Single Family
17,132
Multi-Family
3,601
Businesses
2,347
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Listed by: Elvia Reyna • Texas Stars Realty Group, LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29760808
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.