509 Kelly Ct SLa FeriaTX78559
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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 La Feria at 509 Kelly Ct S, La Feria, TX, 78559 priced at $354,000 converts $2,678/mo rent into $160/mo cash flow after a $1,733/mo obligation. Total monthly income equals $2,678/mo, and annual cash flow totals $1,924/yr on $117,351 invested. Return on cash invested prints 21.55% in year one, and rental yield reads 9.08% against a $354,000 entry. Equity gained on principal adds $2,284/yr, while 5% annual appreciation compiles into $97,804 by year five. Five-year ROI reaches 112.87% and total cumulative return in cash sums $132,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,678/mo property income covering a $1,733/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78559, La Feria, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 3,332 (61.2%) |
| Renter Occupied HU | 1,127 (20.7%) |
| Vacant Housing Units | 982 (18.0%) |
| Median Home Value | $149,171 |
| Average Home Value | $183,703 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
4,422
Multi-Family
25
Businesses
290
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