2421 W Iris AveMcallenTX78501
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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
Rental property for sale in Mcallen at 2421 W Iris Ave, Mcallen, TX, 78501 generates $1,865/mo in rent and, after a $1,253/mo payment, leaves $45/mo in cash flow. Total monthly income is $1,865/mo, and annual cash flow is $537/yr on $84,831 invested. Return on cash invested sits at 20.54% in year one, and rental yield is 8.75% on a $255,900 entry. Equity gained on principal adds $1,651/yr, while 5% annual appreciation builds toward $70,700 over five years. Five-year ROI reaches 107.45% and total cumulative return in cash sums $91,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,865/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78501, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,633 (100%) |
| Owner Occupied HU | 11,771 (44.2%) |
| Renter Occupied HU | 11,969 (44.9%) |
| Vacant Housing Units | 2,893 (10.9%) |
| Median Home Value | $182,269 |
| Average Home Value | $208,656 |
Housing Distribution
Address Breakdown
Residential
24,170
Single Family
19,817
Multi-Family
4,353
Businesses
4,074
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