655 W Gem AveRaymondvilleTX78580
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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 Raymondville at 655 W Gem Ave, Raymondville, TX, 78580 uses $42,100 cash to close to unlock $750/yr annual cash flow and $62/mo monthly cash flow. Total monthly income runs $966/mo, and a $622/mo payment keeps the spread at $62/mo. Purchase price stands at $126,999, and rental yield measures 9.13% with $966/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $35,087 over five years. Five-year ROI reaches 113.69% and total cumulative return in cash records $47,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $966/mo property income covering a $622/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78580, Raymondville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,714 (60.9%) |
| Renter Occupied HU | 1,080 (24.2%) |
| Vacant Housing Units | 665 (14.9%) |
| Median Home Value | $75,664 |
| Average Home Value | $122,856 |
Housing Distribution
Address Breakdown
Residential
3,550
Single Family
3,362
Multi-Family
188
Businesses
377
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Listed by: Mary Eljure • Real Broker, LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29757547
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.