203 W Marlin St APT 9South Padre IslandTX78597
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Nearby investment properties with comparable prices
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 South Padre Island at 203 W Marlin St APT 9, South Padre Island, TX, 78597 at $339,900 posts ROI 23.45% with $333/mo cash flow from $3,265/mo rent. Total monthly income equals $3,265/mo, and annual cash flow records $3,991/yr on $112,677 to close. Return on cash invested measures 23.45% and rental yield reads 11.53% at the current $339,900. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 by year five. Five-year ROI prints 125.05% and total cumulative return in cash totals $140,903.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,265/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1981
1 Acres lot
$N/A/sqft
$515 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78597, South Padre Island, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 745 (13.9%) |
| Renter Occupied HU | 415 ( 7.7%) |
| Vacant Housing Units | 4,207 (78.4%) |
| Median Home Value | $453,713 |
| Average Home Value | $480,027 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
374
Multi-Family
215
Businesses
443
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Nearby investment properties with comparable prices
Listed by: Padre Elite Team • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #100555
Disclaimer: Information provided by South Padre Island BOR is deemed reliable but not guaranteed. South Padre Island BOR data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.