107 E Bahama St UNIT 7South 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 107 E Bahama St UNIT 7, South Padre Island, TX, 78597 with 5% annual appreciation on a $299,000 basis while $2,597/mo rent supports operations. Total monthly income totals $2,597/mo and a $1,463/mo payment preserves $232/mo for cash returns. Annual cash flow comes to $2,782/yr on $99,119 deployed, and return on cash invested reaches 22.72% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 10.42%. Five-year ROI measures 120.14% and total cumulative return in cash totals $119,086.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,597/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
1 Acres lot
$N/A/sqft
$600 quarterly 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: Norma Turkington • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #103800
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.