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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pharr at 8803 S Steve Ln, Pharr, TX, 78577 priced at $229,000 converts $2,080/mo rent into $451/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,080/mo, and annual cash flow totals $5,417/yr on $75,914 invested. Return on cash invested prints 27.04% in year one, and rental yield reads 10.9% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 142.35% and total cumulative return in cash sums $108,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,080/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 2006
6,459 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78577, Pharr, TX area.
| 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 |
Residential
27,906
Single Family
23,156
Multi-Family
4,750
Businesses
2,398
Date | Event | Price |
|---|---|---|
| 2025-01-08 | Listed for sale | $229,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $152,027 | 10.00% |
| 2023-02-13 | $2753.93 | -10.94% | $138,206 | 10.00% |
| 2022-02-13 | $3092.11 | 2.67% | $125,642 | 10.00% |
Listed by: Karen Carreno • Pinnacle Realty Advisors
Mls Name: Greater McAllen AOR
Mls ID: #458045
Disclaimer: Listing information is deemed reliable, but not guaranteed.
