104 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
Investment property for sale in South Padre Island at 104 E Verna Jean Dr, South Padre Island, TX, 78597 earns $367/mo cash flow from $1,932/mo rent with a $1,077/mo payment. Total monthly income totals $1,932/mo, and annual cash flow totals $4,408/yr on $72,930 capital. ROI tracks 25.95% on current figures, and rental yield reads 10.54% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 136.52% and total cumulative return in cash sums $99,563. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,932/mo property income instead of your personal income.
Condo
Built in 1983
N/A 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: Chris Gonzalez • GRT Realty
Mls Name: SPIBOR
Mls ID: #104069