1421 S 11th St #218Pt 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
Investment property for sale in Pt Aransas at 1421 S 11th St #218, Pt Aransas, TX, 78373 listed at $259,777 pairs $3,074/mo rent with a $1,271/mo payment to leave $877/mo cash flow. Total monthly income runs $3,074/mo, and annual cash flow reaches $10,526/yr on $86,116 cash to close. Return on cash invested measures 32.13% in year one, and rental yield registers 14.2% at a $259,777 basis. Equity gained on principal adds $1,676/yr, and annual property appreciation at 5% supports $71,772 by year five. Five-year ROI tracks 171.41% and total cumulative return in cash totals $147,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,074/mo property income relative to a $1,271/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
2,827 sqft lot
$N/A/sqft
$350 monthly 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: Kendra Wray • Keller Williams Heritage
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #434988
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.