502 N 15th St, McAllen, TX, 78501 | Equity Gain $4,356/yr

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in McAllen at 502 N 15th St, McAllen, TX, 78501 offers a 1.58% rental yield on a $675,000 purchase with $889/mo rent. 07% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $889/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1973

10,497 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