2003 N Fulton Beach Rd UNIT 59RockportTX78382
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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 Rockport at 2003 N Fulton Beach Rd UNIT 59, Rockport, TX, 78382 uses $69,615 cash to close to unlock $1,926/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,654/mo, and a $1,028/mo payment keeps the spread at $161/mo. Purchase price stands at $210,000, and rental yield measures 9.45% with $1,654/mo rent. Return on cash invested shows 22.68% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 118.93% and total cumulative return in cash records $82,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,654/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1973
17.16 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,644
Single Family
9,525
Multi-Family
1,119
Businesses
703
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