695 W Harris AveRaymondvilleTX78580
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 695 W Harris Ave, Raymondville, TX, 78580 in Raymondville worth modelling. At $115,000 with a 10.08% gross yield, the $966/mo rent leaves $148/mo after the $517/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.87 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $31,772 by year five; $1,059/yr in principal reduction adds further equity. Total projected return: $53,675.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $148 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $966 |
| Total Monthly Debt Service | $772 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1956
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1956
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tana Springer • EXP Realty, LLC
Mls Name: RGVMLS
Mls ID: #29767823