711 Grosbeak DrPharrTX78577
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
Investment Highlights
Rental property for sale in Pharr at 711 Grosbeak Dr, Pharr, TX, 78577 priced at $305,000 converts $2,375/mo rent into $206/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,375/mo, and annual cash flow totals $2,471/yr on $101,108 invested. Return on cash invested prints 22.35% in year one, and rental yield reads 9.34% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 117.14% and total cumulative return in cash sums $118,438. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,375/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Single Family
Built in 2002
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78577, Pharr, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,728 (100%) |
| Owner Occupied HU | 15,997 (53.8%) |
| Renter Occupied HU | 9,877 (33.2%) |
| Vacant Housing Units | 3,854 (13.0%) |
| Median Home Value | $138,178 |
| Average Home Value | $174,875 |
Housing Distribution
Address Breakdown
Residential
27,906
Single Family
23,156
Multi-Family
4,750
Businesses
2,398
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices