101 E Tarpon St #5BSouth 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 101 E Tarpon St #5B, South Padre Island, TX, 78597 uses $127,628 cash to close to unlock $6,871/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $3,310/mo, and a $1,884/mo payment keeps the spread at $573/mo. Purchase price stands at $385,000, and rental yield measures 10.32% with $3,310/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 132.93% and total cumulative return in cash records $169,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,310/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 2006
1,672 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: Rosa M. Hands • Blue Ocean Realty Group
Mls Name: SPIBOR
Mls ID: #104764