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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 229 Starboard Ave, Rockport, TX, 78382 priced at $524,999 converts $2,400/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 10.65% in year one, and rental yield reads 5.49% against a $524,999 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 54.44% and total cumulative return in cash sums $94,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1969
6,900 sqft lot
$N/A/sqft
$250 annually 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 |
|---|---|---|
| 2024-09-14 | Price change | $524,999 |
| 2024-08-23 | Price change | $549,000 |
| 2024-08-13 | Listed for sale | $574,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $3718.56 | -17.25% | $386,353 | 10.00% |
| 2022-10-23 | $4493.61 | 9.02% | $351,230 | 10.00% |
| 2021-10-23 | $4121.88 | 1.22% | $319,300 | 7.74% |
Listed by: Jennifer Butler • KW Coastal Bend - Northwest
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445722
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.
