1107 E 11th St #A-2Pt AransasTX78373
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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
Total monthly income runs $2,798/mo, and a $2,198/mo payment. Purchase price stands at $449,000, and rental yield measures 7.48% with $2,798/mo rent. Return on cash invested shows 14.14% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 74.06% and total cumulative return in cash records $110,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,798/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 1972
8,220 sqft lot
$N/A/sqft
$320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 1,209 (21.5%) |
| Renter Occupied HU | 407 ( 7.2%) |
| Vacant Housing Units | 4,001 (71.2%) |
| Median Home Value | $491,147 |
| Average Home Value | $604,986 |
Housing Distribution
Address Breakdown
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
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Listed by: Stacy Clardy • Port Aransas Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #435547
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.