230 Round Rd #B1Port 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
Rental property for sale in Port Aransas at 230 Round Rd #B1, Port Aransas, TX, 78373 priced at $850,000 pairs $3,666/mo rent with after a $4,160/mo payment. Total monthly income equals $3,666/mo. Return on cash invested is 8.63% in year one, and rental yield stands at 5.18% on a $850,000 basis. Equity gained on principal adds $5,485/yr, and 5% annual appreciation accumulates to $234,839 by year five. Five-year ROI measures 44% and total cumulative return in cash reaches $123,034. For financing, Ziffy Mortgage’s DSCR program evaluates $3,666/mo property income against a $4,160/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2019
2,060 sqft lot
$N/A/sqft
$3,420 annually 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: Michele Lorette • Port Aransas Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #430547
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.