801 E Palmera Dr #101La FeriaTX78559
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
Investment property for sale in La Feria at 801 E Palmera Dr #101, La Feria, TX, 78559 uses $39,192 cash to close to unlock $571/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $897/mo, and a $579/mo payment keeps the spread at $48/mo. Purchase price stands at $118,225, and rental yield measures 9.1% with $897/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $32,663 over five years. Five-year ROI reaches 112.01% and total cumulative return in cash records $43,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $897/mo property income covering a $579/mo payment rather than investor’s personal income.
Manufactured
Built in 2010
5,000 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78559, La Feria, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 3,332 (61.2%) |
| Renter Occupied HU | 1,127 (20.7%) |
| Vacant Housing Units | 982 (18.0%) |
| Median Home Value | $149,171 |
| Average Home Value | $183,703 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
4,422
Multi-Family
25
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Resendez • GRT Realty
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29765781
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.