105 E Pike St APT 2South 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 105 E Pike St APT 2, South Padre Island, TX, 78597 at $315,000 posts ROI 22.65% with $239/mo cash flow from $2,479/mo rent. Total monthly income equals $2,479/mo, and annual cash flow records $2,865/yr on $104,423 to close. Return on cash invested measures 22.65% and rental yield reads 9.44% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 118.78% and total cumulative return in cash totals $124,037.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,479/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2010
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: Teresa Marquez • Encore Fine Properties
Mls Name: SPIBOR
Mls ID: #104528