103A E Verna Jean DrSouth 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
Rental property for sale in South Padre Island at 103A E Verna Jean Dr, South Padre Island, TX, 78597 priced at $645,000 converts $4,158/mo rent into after a $3,157/mo obligation. Total monthly income equals $4,158/mo. Return on cash invested prints 17.64% in year one, and rental yield reads 7.74% against a $645,000 entry. Equity gained on principal adds $4,162/yr, while 5% annual appreciation compiles into $178,202 by year five. Five-year ROI reaches 91.85% and total cumulative return in cash sums $194,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,158/mo property income covering a $3,157/mo payment, not borrower’s personal income.
Single Family
Built in 2024
3,123 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: Jose Rodriguez • Texas Coast & Country Real Estate
Mls Name: SPIBOR
Mls ID: #104755