408 E Newport LnMcAllenTX78501
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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 McAllen at 408 E Newport Ln, McAllen, TX, 78501 priced at $950,000 converts $5,322/mo rent into after a $4,650/mo obligation. Total monthly income equals $5,322/mo. Return on cash invested prints 14.06% in year one, and rental yield reads 6.72% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 72.83% and total cumulative return in cash sums $227,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,322/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.45 Acres lot
$N/A/sqft
$130 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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