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$185,000

5903 N 1st Ln, McAllen, TX, 78504

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,833 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$65.3 / sqft
Year BuiltBuilt in 1991

About this property

RARE OPPORTUNITY IN NORTH McALLEN! This 4-bedroom, 3-bath home is a true diamond in the rough, offering plenty of potential for the buyer or investor ready to bring their vision to life. Ideally located near one of McAllen’s premier running and walking trails, this property offers a desirable location with the opportunity to create a beautiful, updated home. The interior is in need of a complete remodel, and the home will also require a new roof. With the right resources and vision, this property has the potential to be transformed into something special. Conveniently located just minutes from Walgreens, Lowe’s, Home Depot, H-E-B, and numerous other shopping, dining, and everyday conveniences. The home is also zoned to Gonzalez Elementary, a highly sought-after elementary school. Bring your contractor, your ideas, and your vision—this is an opportunity to create value in a great North McAllen location!

Investor Tools

$0Estimated Mortgage Balance
$515,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

Interested in this property?

Albert Garza

First Choice Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$625/month
No HOA
5.947%

City: McAllen