3505 N 23rd Ln APT 209McAllenTX78501
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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 3505 N 23rd Ln APT 209, McAllen, TX, 78501 uses $38,123 cash to close to unlock $1,201/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,053/mo, and a $563/mo payment keeps the spread at $100/mo. Purchase price stands at $115,000, and rental yield measures 10.99% with $1,053/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 122.6% and total cumulative return in cash records $46,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,053/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1985
1,629 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78501, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,633 (100%) |
| Owner Occupied HU | 11,771 (44.2%) |
| Renter Occupied HU | 11,969 (44.9%) |
| Vacant Housing Units | 2,893 (10.9%) |
| Median Home Value | $182,269 |
| Average Home Value | $208,656 |
Housing Distribution
Address Breakdown
Residential
24,170
Single Family
19,817
Multi-Family
4,353
Businesses
4,074
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