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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% |
Rental property for sale in Hidalgo at 603 Oak Dr, Hidalgo, TX, 78557 offers $1,856/mo rent that, after a $1,297/mo payment. Total monthly income is $1,856/mo. Return on cash invested measures 19.52% in year one, and rental yield stands at 8.4% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 101.99% and total cumulative return in cash reaches $89,595. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,856/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78557, Hidalgo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 3,208 (73.2%) |
| Renter Occupied HU | 931 (21.2%) |
| Vacant Housing Units | 244 ( 5.6%) |
| Median Home Value | $182,615 |
| Average Home Value | $200,906 |
Residential
3,624
Single Family
3,520
Multi-Family
104
Businesses
546
Date | Event | Price |
|---|---|---|
| 2024-12-16 | Listed for sale | $265,000 |
| 2024-06-02 | Listing removed | N/A |
| 2024-03-18 | Listed for sale | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $235,285 | 10.00% |
| 2023-12-27 | $3965.54 | -8.76% | $213,895 | 10.00% |
| 2022-12-27 | $4346.16 | 4.46% | $194,450 | 10.27% |
Listed by: Amparo Price • Tdrealty
Mls Name: Greater McAllen AOR
Mls ID: #456018
Disclaimer: Listing information is deemed reliable, but not guaranteed.
