304 San Miguel DrRio Grande CityTX78582
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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 Rio Grande City at 304 San Miguel Dr, Rio Grande City, TX, 78582 uses $69,615 cash to close to unlock $5,142/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,922/mo, and a $1,028/mo payment keeps the spread at $429/mo. Purchase price stands at $210,000, and rental yield measures 10.98% with $1,922/mo rent. Return on cash invested shows 27.3% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 143.7% and total cumulative return in cash records $100,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,922/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 2012
7,056 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78582, Rio Grande City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,287 (100%) |
| Owner Occupied HU | 10,203 (66.7%) |
| Renter Occupied HU | 3,208 (21.0%) |
| Vacant Housing Units | 1,876 (12.3%) |
| Median Home Value | $120,548 |
| Average Home Value | $158,569 |
Housing Distribution
Address Breakdown
Residential
12,792
Single Family
12,247
Multi-Family
545
Businesses
942
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Listed by: Javier Garza Jr. • Encore Fine Properties
Mls Name: Greater McAllen AOR
Mls ID: #448044
Disclaimer: Listing information is deemed reliable, but not guaranteed.