2429 Summit RdLa FeriaTX78559
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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 La Feria at 2429 Summit Rd, La Feria, TX, 78559 with 5% annual appreciation on a $272,900 basis while $1,678/mo rent supports operations. 42% in year one. Equity gained on principal adds $1,761/yr, and five-year appreciation sums $75,397 alongside rental yield of 7.38%. Five-year ROI measures 85.41% and total cumulative return in cash totals $77,268. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,678/mo property income versus a $1,336/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78559, La Feria, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 3,332 (61.2%) |
| Renter Occupied HU | 1,127 (20.7%) |
| Vacant Housing Units | 982 (18.0%) |
| Median Home Value | $149,171 |
| Average Home Value | $183,703 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
4,422
Multi-Family
25
Businesses
290
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Listed by: Adam Cantwell • CANTWELL & COMPANY REAL ESTATE
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29758003
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.