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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rockport at 2003 N Fulton Beach Rd UNIT 50, Rockport, TX, 78382 generates $2,077/mo in rent and, after a $954/mo payment, leaves $309/mo in cash flow. Total monthly income is $2,077/mo, and annual cash flow is $3,705/yr on $64,643 invested. Return on cash invested sits at 25.64% in year one, and rental yield is 12.78% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 137.37% and total cumulative return in cash sums $88,798. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,077/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$382 monthly HOA
Neighborhood data shown for ZIP Code: 78382, Rockport, TX area.
| 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 |
Residential
10,644
Single Family
9,525
Multi-Family
1,119
Businesses
703
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Price change | $195,000 |
| 2024-09-04 | Price change | $199,900 |
| 2024-08-12 | Price change | $235,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $2785.79 | 3.77% | $238,620 | 24.26% |
| 2022-10-23 | $2684.46 | 13.56% | $192,030 | 11.26% |
| 2021-10-23 | $2363.90 | 32.31% | $172,600 | 41.39% |
Listed by: Tracey Gaines • Coast Properties, LLC
Mls Name: RPMLS
Mls ID: #145530
Disclaimer: Copyright Rockport Area Association of REALTORS. Al rights reserved. Information is deemed reliable but not guaranteed.
