322 W Buchanan AveHarlingenTX78550
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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
Rental property for sale in Harlingen at 322 W Buchanan Ave, Harlingen, TX, 78550 offers $1,334/mo rent that, after a $857/mo payment, leaves $89/mo cash flow. Total monthly income is $1,334/mo, and annual cash flow is $1,069/yr on $58,013 cash. Return on cash invested measures 21.75% in year one, and rental yield stands at 9.15% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 114.03% and total cumulative return in cash reaches $66,151. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,334/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78550, Harlingen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,670 (100%) |
| Owner Occupied HU | 10,629 (46.9%) |
| Renter Occupied HU | 9,732 (42.9%) |
| Vacant Housing Units | 2,309 (10.2%) |
| Median Home Value | $143,489 |
| Average Home Value | $174,244 |
Housing Distribution
Address Breakdown
Residential
20,733
Single Family
17,132
Multi-Family
3,601
Businesses
2,347
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