2708 Howard Dr #E4McAllenTX78503
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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 2708 Howard Dr #E4, McAllen, TX, 78503 generates $1,474/mo in rent and, after a $844/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,474/mo, and annual cash flow is $2,971/yr on $57,184 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 10.25% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 131.94% and total cumulative return in cash sums $75,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,474/mo property income rather than buyer’s personal income.
Condo
Built in 1972
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78503, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,420 (100%) |
| Owner Occupied HU | 4,842 (51.4%) |
| Renter Occupied HU | 3,426 (36.4%) |
| Vacant Housing Units | 1,152 (12.2%) |
| Median Home Value | $174,361 |
| Average Home Value | $221,958 |
Housing Distribution
Address Breakdown
Residential
8,402
Single Family
7,116
Multi-Family
1,286
Businesses
1,609
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