118 E Esperanza St UNIT 1South 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
Investment property for sale in South Padre Island at 118 E Esperanza St UNIT 1, South Padre Island, TX, 78597 uses $167,790 cash to close to unlock $15,282/yr annual cash flow and $1,274/mo monthly cash flow. Total monthly income runs $4,900/mo, and a $2,496/mo payment keeps the spread at $1,274/mo. Purchase price stands at $510,000, and rental yield measures 11.53% with $4,900/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 153.69% and total cumulative return in cash records $257,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,900/mo property income covering a $2,496/mo payment rather than investor’s personal income.
Townhouse
Built in 1982
3,125 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: Cianna Perez • Texas Coast & Country Real Estate
Mls Name: SPIBOR
Mls ID: #104524