423 Lion Lake Dr NProgreso LakesTX78596
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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 Progreso Lakes at 423 Lion Lake Dr N, Progreso Lakes, TX, 78596 priced at $595,000 converts $3,564/mo rent into after a $2,912/mo obligation. Total monthly income equals $3,564/mo. Return on cash invested prints 15.97% in year one, and rental yield reads 7.19% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 82.94% and total cumulative return in cash sums $162,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,564/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2016
5.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78596, Weslaco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,934 (100%) |
| Owner Occupied HU | 9,484 (56.0%) |
| Renter Occupied HU | 4,091 (24.2%) |
| Vacant Housing Units | 3,359 (19.8%) |
| Median Home Value | $137,699 |
| Average Home Value | $177,708 |
Housing Distribution
Address Breakdown
Residential
15,945
Single Family
13,864
Multi-Family
2,081
Businesses
1,272
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Listed by: Maggie Harris • Keller Williams Realty Rgv
Mls Name: Greater McAllen AOR
Mls ID: #450933
Disclaimer: Listing information is deemed reliable, but not guaranteed.