111A E Oleander 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 111A E Oleander St, South Padre Island, TX, 78597 priced at $878,000 pairs $5,129/mo rent with after a $4,297/mo payment. Total monthly income equals $5,129/mo. Return on cash invested is 15.43% in year one, and rental yield stands at 7.01% on a $878,000 basis. Equity gained on principal adds $5,666/yr, and 5% annual appreciation accumulates to $242,575 by year five. Five-year ROI measures 80.02% and total cumulative return in cash reaches $231,136. For financing, Ziffy Mortgage’s DSCR program evaluates $5,129/mo property income against a $4,297/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1984
3,123 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: Jaime Lee Gonzalez • Keller Williams Realty Rgv
Mls Name: Greater McAllen AOR
Mls ID: #464023
Disclaimer: Listing information is deemed reliable, but not guaranteed.