3016 S L St APT 2McAllenTX78503
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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 3016 S L St APT 2, McAllen, TX, 78503 offers a 10.01% rental yield on a $208,000 purchase with $1,735/mo rent. Total monthly income registers $1,735/mo, and a $1,018/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,071/yr on $68,952 to close, and return on cash invested stands at 24.36% in year one. Equity gained on principal adds $1,342/yr while 5% annual appreciation supports $57,467 over five years. Portfolio math shows five-year ROI at 127.95% and total cumulative return in cash at $88,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,735/mo property income against a $1,018/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2013
2,988 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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