808 N 24th StMcAllenTX78501
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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 McAllen at 808 N 24th St, McAllen, TX, 78501 uses $34,808 cash to close to unlock $797/yr annual cash flow and $66/mo monthly cash flow. Total monthly income runs $820/mo, and a $514/mo payment keeps the spread at $66/mo. Purchase price stands at $105,000, and rental yield measures 9.37% with $820/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 116.5% and total cumulative return in cash records $40,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $820/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1967
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78501, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,633 (100%) |
| Owner Occupied HU | 11,771 (44.2%) |
| Renter Occupied HU | 11,969 (44.9%) |
| Vacant Housing Units | 2,893 (10.9%) |
| Median Home Value | $182,269 |
| Average Home Value | $208,656 |
Housing Distribution
Address Breakdown
Residential
24,170
Single Family
19,817
Multi-Family
4,353
Businesses
4,074
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