2709 Melanie DrPharrTX78577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2709 Melanie Dr, Pharr, TX, 78577 generates $1,228/mo in rent and, after a $734/mo payment, leaves $162/mo in cash flow. Total monthly income is $1,228/mo, and annual cash flow is $1,938/yr on $49,725 invested. Return on cash invested sits at 23.81% in year one, and rental yield is 9.82% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 125% and total cumulative return in cash sums $62,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,228/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
2,260 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices