3005 W Iris AveMcAllenTX78501
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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
Investment property for sale in McAllen at 3005 W Iris Ave, McAllen, TX, 78501 uses $81,085 cash to close to unlock $16,282/yr annual cash flow and $1,357/mo monthly cash flow. Total monthly income runs $3,096/mo, and a $1,197/mo payment keeps the spread at $1,357/mo. Purchase price stands at $244,600, and rental yield measures 15.19% with $3,096/mo rent. Return on cash invested shows 39.99% in year one, and 5% annual appreciation builds toward $67,578 over five years. Five-year ROI reaches 211.74% and total cumulative return in cash records $171,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,096/mo property income covering a $1,197/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78501, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,633 (100%) |
| Owner Occupied HU | 11,771 (44.2%) |
| Renter Occupied HU | 11,969 (44.9%) |
| Vacant Housing Units | 2,893 (10.9%) |
| Median Home Value | $182,269 |
| Average Home Value | $208,656 |
Housing Distribution
Address Breakdown
Residential
24,170
Single Family
19,817
Multi-Family
4,353
Businesses
4,074
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