1129 S 11th St UNIT 12Pt AransasTX78373
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 Pt Aransas at 1129 S 11th St UNIT 12, Pt Aransas, TX, 78373 uses $98,953 cash to close to unlock $6,208/yr annual cash flow and $517/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,461/mo payment keeps the spread at $517/mo. Purchase price stands at $298,500, and rental yield measures 10.61% with $2,640/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $82,470 over five years. Five-year ROI reaches 137.71% and total cumulative return in cash records $136,269. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,461/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashleigh Robertson • Mark Grosse Real Estate LLC
Mls Name: South Texas MLS
Mls ID: #467536