102 E Gardenia St #8, South Padre Island, TX, 78597 | $30/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Padre Island at 102 E Gardenia St #8, South Padre Island, TX, 78597 offers $3,017/mo rent that, after a $2,056/mo payment, leaves $30/mo cash flow. Total monthly income is $3,017/mo, and annual cash flow is $360/yr on $139,230 cash. Return on cash invested measures 20.17% in year one, and rental yield stands at 8.62% at a $420,000 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,038 by year five. Five-year ROI records 105.43% and total cumulative return in cash reaches $146,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,017/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2005

1,724 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