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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% |
Investment property for sale in Rockport at 2003 N Fulton Beach Rd UNIT 58, Rockport, TX, 78382 uses $66,267 cash to close to unlock $887/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $978/mo payment keeps the spread at $74/mo. Purchase price stands at $199,900, and rental yield measures 11.27% with $1,877/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 113.74% and total cumulative return in cash records $75,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $978/mo payment rather than investor’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 |
|---|---|---|
| 2024-09-17 | Listing removed | $199,900 |
| 2024-08-26 | Listed for sale | $199,900 |
| 2024-02-03 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $1962.02 | 0.62% | $168,060 | 20.48% |
| 2022-10-23 | $1949.99 | 10.27% | $139,490 | 8.03% |
| 2021-10-23 | $1768.40 | 7.13% | $129,120 | 14.49% |
Listed by: Jason Barth • RE/MAX GO
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447367
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.
