695 W Harris 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 695 W Harris Ave, Raymondville, TX, 78580 earns $148/mo cash flow from $966/mo rent with a $563/mo payment. Total monthly income totals $966/mo, and annual cash flow totals $1,777/yr on $38,123 capital. ROI tracks 24.57% on current figures, and rental yield reads 10.08% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 129.21% and total cumulative return in cash sums $49,257. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $966/mo property income instead of your personal income.
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
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Listed by: Tana Springer • EXP Realty, LLC
Mls Name: RGVMLS
Mls ID: #29767823