304 Houston DrWeslacoTX78599
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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 Weslaco at 304 Houston Dr, Weslaco, TX, 78599 priced at $254,990 pairs $1,966/mo rent with $153/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,966/mo, and annual cash flow comes to $1,833/yr on $84,529 invested. Return on cash invested is 22.08% in year one, and rental yield stands at 9.25% on a $254,990 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,449 by year five. Five-year ROI measures 115.69% and total cumulative return in cash reaches $97,793. For financing, Ziffy Mortgage’s DSCR program evaluates $1,966/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78599, Weslaco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,801 (100%) |
| Owner Occupied HU | 7,532 (69.7%) |
| Renter Occupied HU | 2,542 (23.5%) |
| Vacant Housing Units | 727 ( 6.7%) |
| Median Home Value | $164,659 |
| Average Home Value | $183,359 |
Housing Distribution
Address Breakdown
Residential
10,336
Single Family
9,769
Multi-Family
567
Businesses
733
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Listed by: A Hamilton • Esperanza Homes Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N480000000170
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.