2535 Cove Real DrHarlingenTX78550
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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 Harlingen at 2535 Cove Real Dr, Harlingen, TX, 78550 offers $2,723/mo rent that, after a $1,444/mo payment, leaves $625/mo cash flow. Total monthly income is $2,723/mo, and annual cash flow is $7,501/yr on $97,789 cash. Return on cash invested measures 27.58% in year one, and rental yield stands at 11.08% at a $294,990 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,500 by year five. Five-year ROI records 145.23% and total cumulative return in cash reaches $142,019. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,723/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
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: A Hamilton • Esperanza Homes Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N480610000019
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.