131 E Saturn Ln #B3South 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 131 E Saturn Ln #B3, South Padre Island, TX, 78597 offers a 8.94% rental yield on a $359,000 purchase with $2,675/mo rent. Total monthly income registers $2,675/mo, and a $1,757/mo payment leaves $122/mo available for distribution. Annual cash flow reaches $1,467/yr on $119,009 to close, and return on cash invested stands at 21.14% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 110.7% and total cumulative return in cash at $131,743. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,675/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A 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: Karla Schurin • KRL Real Estate
Mls Name: SPIBOR
Mls ID: #104563