505 N 12th StMcAllenTX78501
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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
Investment property for sale in McAllen at 505 N 12th St, McAllen, TX, 78501 offers a 5.2% rental yield on a $304,500 purchase with $1,319/mo rent. 26% in year one. Equity gained on principal adds $1,965/yr while 5% annual appreciation supports $84,128 over five years. Portfolio math shows five-year ROI at 47.19% and total cumulative return in cash at $47,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,319/mo property income against a $1,490/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1976
0.33 Acres 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
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Listed by: Marsha Acosta • Coldwell Banker La Mansion Real Estate
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29755608
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.