123 E Atol St UNIT BSouth 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
Rental property for sale in South Padre Island at 123 E Atol St UNIT B, South Padre Island, TX, 78597 priced at $335,000 converts $3,552/mo rent into $1,169/mo cash flow after a $1,640/mo obligation. Total monthly income equals $3,552/mo, and annual cash flow totals $14,033/yr on $111,053 invested. Return on cash invested prints 32.55% in year one, and rental yield reads 12.72% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 171.83% and total cumulative return in cash sums $190,820. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,552/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Townhouse
Built in 1989
2,813 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: Olga Vega-Carter • SPI Realty
Mls Name: SPIBOR
Mls ID: #103553
Disclaimer: Information provided by South Padre Island BOR is deemed reliable but not guaranteed. South Padre Island BOR data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.