107 E Palm St #ASouth 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 Palm St #A, South Padre Island, TX, 78597 at $869,000 posts ROI 9.43% with from $3,947/mo rent. Total monthly income equals $3,947/mo. Return on cash invested measures 9.43% and rental yield reads 5.45% at the current $869,000. Equity gained on principal adds $5,608/yr, and 5% annual appreciation supports $240,089 by year five. Five-year ROI prints 48.29% and total cumulative return in cash totals $138,071. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,947/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2007
3,125 sqft lot
$N/A/sqft
$300 monthly 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: Phillip Veale • Veale Properties
Mls Name: SPIBOR
Mls ID: #103210
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.