108 Palma LnBayviewTX78566
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 Bayview at 108 Palma Ln, Bayview, TX, 78566 listed at $350,000 pairs $2,760/mo rent with a $1,713/mo payment to leave $271/mo cash flow. Total monthly income runs $2,760/mo, and annual cash flow reaches $3,254/yr on $116,025 cash to close. Return on cash invested measures 22.71% in year one, and rental yield registers 9.46% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 119.13% and total cumulative return in cash totals $138,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,760/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78566, Los Fresnos, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,082 (100%) |
| Owner Occupied HU | 5,509 (68.2%) |
| Renter Occupied HU | 1,741 (21.5%) |
| Vacant Housing Units | 832 (10.3%) |
| Median Home Value | $195,583 |
| Average Home Value | $229,252 |
Housing Distribution
Address Breakdown
Residential
7,490
Single Family
7,490
Multi-Family
0
Businesses
341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Britney Marchan • Pinkerton Realty
Mls Name: SPIBOR
Mls ID: #103791
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.