100 W Harbor Dr #8-B-2South Padre IslandTX78597
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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 South Padre Island at 100 W Harbor Dr #8-B-2, South Padre Island, TX, 78597 earns from $2,746/mo rent with a $2,281/mo payment. Total monthly income totals $2,746/mo. ROI tracks 15.5% on current figures, and rental yield reads 7.07% at a $466,000 purchase. Equity gained on principal adds $3,007/yr, and 5% annual appreciation supports $128,747 over five years. Five-year ROI reaches 80.42% and total cumulative return in cash sums $124,237. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,746/mo property income instead of your personal income.
Condo
Built in 2006
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78597, South Padre Island, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 745 (13.9%) |
| Renter Occupied HU | 415 ( 7.7%) |
| Vacant Housing Units | 4,207 (78.4%) |
| Median Home Value | $453,713 |
| Average Home Value | $480,027 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
374
Multi-Family
215
Businesses
443
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Listed by: Padre Elite Team • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #103724