429 Umar AveMcAllenTX78504
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 429 Umar Ave, McAllen, TX, 78504 priced at $489,900 converts $2,916/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,916/mo. Return on cash invested prints 15.48% in year one, and rental yield reads 7.14% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 80.43% and total cumulative return in cash sums $130,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,916/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.27 Acres lot
$N/A/sqft
$370 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78504, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,981 (100%) |
| Owner Occupied HU | 14,971 (68.1%) |
| Renter Occupied HU | 5,753 (26.2%) |
| Vacant Housing Units | 1,257 ( 5.7%) |
| Median Home Value | $224,388 |
| Average Home Value | $263,654 |
Housing Distribution
Address Breakdown
Residential
22,123
Single Family
19,065
Multi-Family
3,058
Businesses
2,269
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices