513 E Shasta AveMcAllenTX78504
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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 McAllen at 513 E Shasta Ave, McAllen, TX, 78504 offers $2,379/mo rent that, after a $1,439/mo payment, leaves $288/mo cash flow. Total monthly income is $2,379/mo, and annual cash flow is $3,460/yr on $97,461 cash. Return on cash invested measures 23.46% in year one, and rental yield stands at 9.71% at a $294,000 entry. Equity gained on principal adds $1,897/yr while 5% annual appreciation compounds into $81,227 by year five. Five-year ROI records 123.11% and total cumulative return in cash reaches $119,988. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,379/mo property income versus a $1,439/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
6,542 sqft lot
$N/A/sqft
No 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
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