406 N Fairgrounds RdRio 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 406 N Fairgrounds Rd, Rio Grande City, TX, 78582 offers a 10.01% rental yield on a $189,000 purchase with $1,576/mo rent. Total monthly income registers $1,576/mo, and a $925/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,785/yr on $62,654 to close, and return on cash invested stands at 24.35% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 127.94% and total cumulative return in cash at $80,158. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,576/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5,209 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: Ricardo Reyna • Pegasus Realty
Mls Name: Greater McAllen AOR
Mls ID: #473145
Disclaimer: Listing information is deemed reliable, but not guaranteed.