104 E Tarpon StSouth Padre IslandTX78597
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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
Rental property for sale in South Padre Island at 104 E Tarpon St, South Padre Island, TX, 78597 priced at $1,872,000 pairs $2,366/mo rent with after a $9,163/mo payment. Total monthly income equals $2,366/mo. Return on cash invested is -1.29% in year one, and rental yield stands at 1.52% on a $1,872,000 basis. Equity gained on principal adds $12,080/yr, and 5% annual appreciation accumulates to $517,199 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $2,366/mo property income against a $9,163/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2007
0.35 Acres 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: Damaris Palacios • LEGACY REALTY GROUP RGV
Mls Name: RGVMLS
Mls ID: #29767059