1000 Lantana Dr UNIT 909Pt AransasTX78373
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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 Pt Aransas at 1000 Lantana Dr UNIT 909, Pt Aransas, TX, 78373 earns from $2,640/mo rent with a $3,372/mo payment. Total monthly income totals $2,640/mo. ROI tracks 4.29% on current figures, and rental yield reads 4.6% at a $689,000 purchase. Equity gained on principal adds $4,446/yr, and 5% annual appreciation supports $190,358 over five years. Five-year ROI reaches 21.66% and total cumulative return in cash sums $49,110. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Condo
Built in 1979
1,647 sqft lot
$N/A/sqft
$719 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 1,209 (21.5%) |
| Renter Occupied HU | 407 ( 7.2%) |
| Vacant Housing Units | 4,001 (71.2%) |
| Median Home Value | $491,147 |
| Average Home Value | $604,986 |
Housing Distribution
Address Breakdown
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
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Listed by: Jana Snow • Mark Grosse Real Estate LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447282
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.