110 E Coronado Dr #101South 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 110 E Coronado Dr #101, South Padre Island, TX, 78597 uses $213,850 cash to close to unlock $14,258/yr annual cash flow and $1,188/mo monthly cash flow. Total monthly income runs $5,810/mo, and a $3,181/mo payment keeps the spread at $1,188/mo. Purchase price stands at $650,000, and rental yield measures 10.73% with $5,810/mo rent. Return on cash invested shows 26.73% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 140.61% and total cumulative return in cash records $300,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,810/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Condo
Built in 2005
1 Acres 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: Padre Elite Team • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #103998