142 W Palm BchPt AransasTX78373
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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 Aransas at 142 W Palm Bch, Pt Aransas, TX, 78373 offers $1,228/mo rent that, after a $783/mo payment, leaves $90/mo cash flow. Total monthly income is $1,228/mo, and annual cash flow is $1,084/yr on $53,040 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 9.21% at a $160,000 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,205 by year five. Five-year ROI records 115.07% and total cumulative return in cash reaches $61,034. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,228/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2021
1,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 1,209 (21.5%) |
| Renter Occupied HU | 407 ( 7.2%) |
| Vacant Housing Units | 4,001 (71.2%) |
| Median Home Value | $491,147 |
| Average Home Value | $604,986 |
Housing Distribution
Address Breakdown
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
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Listed by: Jonathan Layton • Side, Inc.
Mls Name: South Texas MLS
Mls ID: #468140