2609 Melanie DrPharrTX78577
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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 Pharr at 2609 Melanie Dr, Pharr, TX, 78577 priced at $149,900 pairs $1,380/mo rent with $314/mo cash flow after a $734/mo payment. Total monthly income equals $1,380/mo, and annual cash flow comes to $3,765/yr on $49,692 invested. Return on cash invested is 27.48% in year one, and rental yield stands at 11.05% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 144.7% and total cumulative return in cash reaches $71,903. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2004
1,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78577, Pharr, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,728 (100%) |
| Owner Occupied HU | 15,997 (53.8%) |
| Renter Occupied HU | 9,877 (33.2%) |
| Vacant Housing Units | 3,854 (13.0%) |
| Median Home Value | $138,178 |
| Average Home Value | $174,875 |
Housing Distribution
Address Breakdown
Residential
27,906
Single Family
23,156
Multi-Family
4,750
Businesses
2,398
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