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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Weslaco at 601 Coves Ln #4, Weslaco, TX, 78596 with 5% annual appreciation on a $150,000 basis while $1,500/mo rent supports operations. Total monthly income totals $1,500/mo and a $734/mo payment preserves $413/mo for cash returns. Annual cash flow comes to $4,952/yr on $49,725 deployed, and return on cash invested reaches 29.87% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 12%. Five-year ROI measures 157.65% and total cumulative return in cash totals $78,390.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,500/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2024
9,840 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood data shown for ZIP Code: 78596, Weslaco, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,934 (100%) |
| Owner Occupied HU | 9,484 (56.0%) |
| Renter Occupied HU | 4,091 (24.2%) |
| Vacant Housing Units | 3,359 (19.8%) |
| Median Home Value | $137,699 |
| Average Home Value | $177,708 |
Residential
15,945
Single Family
13,864
Multi-Family
2,081
Businesses
1,272
Date | Event | Price |
|---|---|---|
| 2025-01-13 | Listed for sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jessica Saenz-Luna • Jsl Living, Llc
Mls Name: Greater McAllen AOR
Mls ID: #458659
Disclaimer: Listing information is deemed reliable, but not guaranteed.
