2212 State Highway 361 UNIT 213Port AransasTX78373
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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 Port Aransas at 2212 State Highway 361 UNIT 213, Port Aransas, TX, 78373 uses $197,367 cash to close to unlock $19,455/yr annual cash flow and $1,621/mo monthly cash flow. Total monthly income runs $5,887/mo, and a $2,936/mo payment keeps the spread at $1,621/mo. Purchase price stands at $599,900, and rental yield measures 11.78% with $5,887/mo rent. Return on cash invested shows 29.92% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 157.71% and total cumulative return in cash records $311,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,887/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Townhouse
Built in 2012
3,620 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 1,209 (21.5%) |
| Renter Occupied HU | 407 ( 7.2%) |
| Vacant Housing Units | 4,001 (71.2%) |
| Median Home Value | $491,147 |
| Average Home Value | $604,986 |
Housing Distribution
Address Breakdown
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
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Listed by: Al Perez • CORE Coastal Realty
Mls Name: South Texas MLS
Mls ID: #457801