117B E Mesquite StSouth 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
Investment property for sale in South Padre Island at 117B E Mesquite St, South Padre Island, TX, 78597 at $447,000 posts ROI 25.55% with $696/mo cash flow from $3,875/mo rent. Total monthly income equals $3,875/mo, and annual cash flow records $8,354/yr on $148,181 to close. Return on cash invested measures 25.55% and rental yield reads 10.4% at the current $447,000. Equity gained on principal adds $2,884/yr, and 5% annual appreciation supports $123,498 by year five. Five-year ROI prints 134.31% and total cumulative return in cash totals $199,020.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,875/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1988
2,500 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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Nearby investment properties with comparable prices
Listed by: Irene Uribe Manrique de Lara • Texas Landmark Realty Llc
Mls Name: Greater McAllen AOR
Mls ID: #491067