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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Aransas Pass at 118 Pelican Ave, Aransas Pass, TX, 78336 listed at $210,000 pairs $2,400/mo rent with a $1,028/mo payment to leave $907/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $10,878/yr on $69,615 cash to close. Return on cash invested measures 35.53% in year one, and rental yield registers 13.71% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 187.88% and total cumulative return in cash totals $130,792. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
7,315 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78336, Aransas Pass, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,787 (100%) |
| Owner Occupied HU | 3,803 (56.0%) |
| Renter Occupied HU | 1,535 (22.6%) |
| Vacant Housing Units | 1,449 (21.3%) |
| Median Home Value | $235,091 |
| Average Home Value | $293,169 |
Residential
5,474
Single Family
4,605
Multi-Family
869
Businesses
382
Date | Event | Price |
|---|---|---|
| 2024-10-24 | Price change | $210,000 |
| 2024-08-30 | Price change | $215,000 |
| 2024-08-05 | Price change | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $2952.55 | -28.83% | $214,068 | 6.29% |
| 2023-12-27 | $4148.54 | 10.02% | $201,408 | 22.69% |
| 2022-12-27 | $3770.76 | 5.04% | $164,155 | 7.37% |
Listed by: Erika Leal • Coldwell Banker Pacesetter Ste
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447583
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
