24515 Ocean StEdcouchTX78538
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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 Edcouch at 24515 Ocean St, Edcouch, TX, 78538 generates $836/mo in rent, after a $979/mo payment. Total monthly income is $836/mo. Return on cash invested sits at 9.3% in year one, and rental yield is 5.02% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 47.16% and total cumulative return in cash sums $31,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $836/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
0.50 Acres lot
$N/A/sqft
No 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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