2003 N Fulton Beach Rd UNIT 29, Rockport, TX, 78382 | $184/mo Cash Flow

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2003 N Fulton Beach Rd UNIT 29, Rockport, TX, 78382 | $184/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rockport at 2003 N Fulton Beach Rd UNIT 29, Rockport, TX, 78382 generates $3,138/mo in rent and, after a $1,708/mo payment, leaves $184/mo in cash flow. Total monthly income is $3,138/mo, and annual cash flow is $2,213/yr on $115,694 invested. Return on cash invested sits at 21.82% in year one, and rental yield is 10.79% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 116.11% and total cumulative return in cash sums $134,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,138/mo property income rather than buyer’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

$472 monthly HOA

More details about the property

Welcome to your coastal oasis in Rockport, Texas! This completely remodeled, two-story condo offers a perfect blend of comfort and style, boasting 3 bed/2 baths. From the front door, you're greeted with the soothing water views and surrounded by windswept oaks that enhance the natural beauty of the property. As you step inside, you'll immediately notice the inviting atmosphere created by the raised ceilings, and beautiful laminate flooring throughout the home. One of the highlights of this unit is its proximity to the pool- just steps away, visible from the covered back patio where you can unwind and enjoy the serene pool view. Located in the prestigious Rockport Racquet & Yacht Club community, residents here enjoy other exclusive amenities such as tennis courts, and a private boat launch and pier, ideal for water enthusiasts! Don't miss the opportunity to make this beautifully renovated condo your new home or vacation getaway. Discover the lifestyle awaiting you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78382, Rockport, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,438 (100%)
Owner Occupied HU	7,277 (50.4%)
Renter Occupied HU	2,366 (16.4%)
Vacant Housing Units	4,795 (33.2%)
Median Home Value	$309,755
Average Home Value	$392,083