609 Grayson 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 609 Grayson Ave, McAllen, TX, 78504 priced at $474,000 pairs $2,633/mo rent with after a $2,320/mo payment. Total monthly income equals $2,633/mo. Return on cash invested is 14.28% in year one, and rental yield stands at 6.67% on a $474,000 basis. Equity gained on principal adds $3,059/yr, and 5% annual appreciation accumulates to $130,957 by year five. Five-year ROI measures 73.85% and total cumulative return in cash reaches $116,045. For financing, Ziffy Mortgage’s DSCR program evaluates $2,633/mo property income against a $2,320/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
6,085 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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