107 E Pike St UNIT 2South 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 Pike St UNIT 2, South Padre Island, TX, 78597 with 5% annual appreciation on a $329,000 basis while $2,693/mo rent supports operations. 4% in year one. Equity gained on principal adds $2,123/yr, and five-year appreciation sums $90,897 alongside rental yield of 9.82%. Five-year ROI measures 102.92% and total cumulative return in cash totals $112,245. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,693/mo property income versus a $1,610/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2012
1,250 sqft lot
$N/A/sqft
$400 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: Diana Lisa Hernandez • Texas Star Realty, Llc
Mls Name: Greater McAllen AOR
Mls ID: #468051
Disclaimer: Listing information is deemed reliable, but not guaranteed.