612 Spruce StRio Grande CityTX78582
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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 Rio Grande City at 612 Spruce St, Rio Grande City, TX, 78582 generates $1,750/mo in rent, after a $1,366/mo payment. Total monthly income is $1,750/mo. Return on cash invested sits at 16.87% in year one, and rental yield is 7.53% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 87.75% and total cumulative return in cash sums $81,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,750/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
9,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78582, Rio Grande City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,287 (100%) |
| Owner Occupied HU | 10,203 (66.7%) |
| Renter Occupied HU | 3,208 (21.0%) |
| Vacant Housing Units | 1,876 (12.3%) |
| Median Home Value | $120,548 |
| Average Home Value | $158,569 |
Housing Distribution
Address Breakdown
Residential
12,792
Single Family
12,247
Multi-Family
545
Businesses
942
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Listed by: Ruy Pena • Fox Real Estate Pros
Mls Name: Greater McAllen AOR
Mls ID: #473496
Disclaimer: Listing information is deemed reliable, but not guaranteed.