2416 S 2nd StMcAllenTX78503
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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
Total monthly income runs $3,079/mo, and a $2,247/mo payment. Purchase price stands at $459,000, and rental yield measures 8.05% with $3,079/mo rent. Return on cash invested shows 18.45% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 96.22% and total cumulative return in cash records $146,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,079/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78503, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,420 (100%) |
| Owner Occupied HU | 4,842 (51.4%) |
| Renter Occupied HU | 3,426 (36.4%) |
| Vacant Housing Units | 1,152 (12.2%) |
| Median Home Value | $174,361 |
| Average Home Value | $221,958 |
Housing Distribution
Address Breakdown
Residential
8,402
Single Family
7,116
Multi-Family
1,286
Businesses
1,609
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