1301 N Ocean DrPt LavacaTX77979
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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
Rental property for sale in Pt Lavaca at 1301 N Ocean Dr, Pt Lavaca, TX, 77979 generates $892/mo in rent, after a $2,570/mo payment. Total monthly income is $892/mo. Return on cash invested sits at 0.32% in year one, and rental yield is 2.04% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $892/mo property income rather than buyer’s personal income.
Multi Family
Built in 1981
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77979, Port Lavaca, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,582 (100%) |
| Owner Occupied HU | 4,338 (57.2%) |
| Renter Occupied HU | 1,774 (23.4%) |
| Vacant Housing Units | 1,470 (19.4%) |
| Median Home Value | $157,511 |
| Average Home Value | $203,426 |
Housing Distribution
Address Breakdown
Residential
6,993
Single Family
6,417
Multi-Family
576
Businesses
738
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