108 E Sheepshead StSouth 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
Rental property for sale in South Padre Island at 108 E Sheepshead St, South Padre Island, TX, 78597 generates $6,010/mo in rent and, after a $3,768/mo payment, leaves $503/mo in cash flow. Total monthly income is $6,010/mo, and annual cash flow is $6,032/yr on $253,297 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 9.37% on a $769,900 entry. Equity gained on principal adds $4,968/yr, while 5% annual appreciation builds toward $212,709 over five years. Five-year ROI reaches 117.66% and total cumulative return in cash sums $298,033. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,010/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
5,000 sqft 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: Jared Schmidt • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #97431
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.