512 N Texas StRio Grande CityTX78582
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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 Rio Grande City at 512 N Texas St, Rio Grande City, TX, 78582 with 5% annual appreciation on a $110,000 basis while $1,061/mo rent supports operations. Total monthly income totals $1,061/mo and a $538/mo payment preserves $279/mo for cash returns. Annual cash flow comes to $3,350/yr on $36,465 deployed, and return on cash invested reaches 29.1% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 11.57%. Five-year ROI measures 153.45% and total cumulative return in cash totals $55,956.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,061/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in 2017
5,039 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78582, Rio Grande City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,287 (100%) |
| Owner Occupied HU | 10,203 (66.7%) |
| Renter Occupied HU | 3,208 (21.0%) |
| Vacant Housing Units | 1,876 (12.3%) |
| Median Home Value | $120,548 |
| Average Home Value | $158,569 |
Housing Distribution
Address Breakdown
Residential
12,792
Single Family
12,247
Multi-Family
545
Businesses
942
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Listed by: Jacob Wiley • Keller Williams Realty Rgv
Mls Name: Greater McAllen AOR
Mls ID: #478862
Disclaimer: Listing information is deemed reliable, but not guaranteed.