6110 N 3rd LnMcAllenTX78504
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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 6110 N 3rd Ln, McAllen, TX, 78504 offers $7,501/mo rent that, after a $3,402/mo payment, leaves $2,458/mo cash flow. Total monthly income is $7,501/mo, and annual cash flow is $29,501/yr on $228,655 cash. Return on cash invested measures 32.96% in year one, and rental yield stands at 12.95% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 174.22% and total cumulative return in cash reaches $398,370. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,501/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
10,637 sqft lot
$N/A/sqft
$100 monthly 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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