607 Covey Dr #3WeslacoTX78599
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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 Weslaco at 607 Covey Dr #3, Weslaco, TX, 78599 earns $226/mo cash flow from $1,171/mo rent with a $636/mo payment. Total monthly income totals $1,171/mo, and annual cash flow totals $2,712/yr on $43,095 capital. ROI tracks 26.2% on current figures, and rental yield reads 10.81% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 138.12% and total cumulative return in cash sums $59,523. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,171/mo property income instead of your personal income.
Condo
Built in 2025
2,491 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78599, Weslaco, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,801 (100%) |
| Owner Occupied HU | 7,532 (69.7%) |
| Renter Occupied HU | 2,542 (23.5%) |
| Vacant Housing Units | 727 ( 6.7%) |
| Median Home Value | $164,659 |
| Average Home Value | $183,359 |
Housing Distribution
Address Breakdown
Residential
10,336
Single Family
9,769
Multi-Family
567
Businesses
733
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