406 N Illinois CirLa FeriaTX78559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 La Feria at 406 N Illinois Cir, La Feria, TX, 78559 priced at $109,777 pairs $1,036/mo rent with $256/mo cash flow after a $537/mo payment. Total monthly income equals $1,036/mo, and annual cash flow comes to $3,068/yr on $36,391 invested. Return on cash invested is 28.34% in year one, and rental yield stands at 11.32% on a $109,777 basis. Equity gained on principal adds $708/yr, and 5% annual appreciation accumulates to $30,329 by year five. Five-year ROI measures 149.32% and total cumulative return in cash reaches $54,338. For financing, Ziffy Mortgage’s DSCR program evaluates $1,036/mo property income against a $537/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1985
5,079 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78559, La Feria, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 3,332 (61.2%) |
| Renter Occupied HU | 1,127 (20.7%) |
| Vacant Housing Units | 982 (18.0%) |
| Median Home Value | $149,171 |
| Average Home Value | $183,703 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
4,422
Multi-Family
25
Businesses
290
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Listed by: Francisco Montano • Trademark Real Estate Group
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29757864
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.