412 E Iris AveMcAllenTX78501
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 McAllen at 412 E Iris Ave, McAllen, TX, 78501 priced at $239,000 converts $2,774/mo rent into $1,074/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,774/mo, and annual cash flow totals $12,891/yr on $79,229 invested. Return on cash invested prints 36.18% in year one, and rental yield reads 13.93% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 191.36% and total cumulative return in cash sums $151,608. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,774/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1982
7,518 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices