408 W 6th StLa FeriaTX78559
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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 La Feria at 408 W 6th St, La Feria, TX, 78559 priced at $111,549 converts $857/mo rent into $64/mo cash flow after a $546/mo obligation. Total monthly income equals $857/mo, and annual cash flow totals $765/yr on $36,978 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 9.22% against a $111,549 entry. Equity gained on principal adds $720/yr, while 5% annual appreciation compiles into $30,819 by year five. Five-year ROI reaches 115.15% and total cumulative return in cash sums $42,582. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $857/mo property income covering a $546/mo payment, not borrower’s personal income.
Single Family
Built in 1970
5,009 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: Dan L Cook • SWE Homes, LP
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29753140
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.