131 E Mars LnSouth 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
Rental property for sale in South Padre Island at 131 E Mars Ln, South Padre Island, TX, 78597 offers $2,365/mo rent that, after a $1,591/mo payment, leaves $54/mo cash flow. Total monthly income is $2,365/mo, and annual cash flow is $643/yr on $107,738 cash. Return on cash invested measures 20.51% in year one, and rental yield stands at 8.73% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 107.26% and total cumulative return in cash reaches $115,561. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,365/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2007
1,742 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: Kathyleen Mccartin • Realty One Group, Modern Edge
Mls Name: RGVMLS
Mls ID: #29769108