3429 S 3rd StMcAllenTX78503
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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 3429 S 3rd St, McAllen, TX, 78503 uses $197,071 cash to close to unlock $4,479/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $4,633/mo, and a $2,932/mo payment keeps the spread at $373/mo. Purchase price stands at $599,000, and rental yield measures 9.28% with $4,633/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 117.04% and total cumulative return in cash records $230,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,633/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.37 Acres 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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