115 E Coronado Dr UNIT 303South Padre IslandTX78597
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
Total monthly income runs $1,887/mo, and a $1,307/mo payment. Purchase price stands at $267,000, and rental yield measures 8.48% with $1,887/mo rent. Return on cash invested shows 13.29% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 70.89% and total cumulative return in cash records $62,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,887/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Condo
Built in 1982
1,393 sqft lot
$N/A/sqft
$460 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deldi Ortegon • KELLER WILLIAMS REALTY RIO GRANDE VALLEY
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29768544
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.