103 E Gardenia St #3South Padre IslandTX78597
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 103 E Gardenia St #3, South Padre Island, TX, 78597 listed at $345,000 pairs $3,396/mo rent with a $1,689/mo payment to leave $361/mo cash flow. Total monthly income runs $3,396/mo, and annual cash flow reaches $4,335/yr on $114,368 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 11.81% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 126.62% and total cumulative return in cash totals $144,808. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,396/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
1 Acres lot
$N/A/sqft
$581 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Miller • Bob Torres Properties
Mls Name: SPIBOR
Mls ID: #104236
Disclaimer: Information provided by South Padre Island BOR is deemed reliable but not guaranteed. South Padre Island BOR data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.