243 E Magnolia AveAransas PassTX78336
Nearby investment properties with comparable rents
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
Rental property for sale in Aransas Pass at 243 E Magnolia Ave, Aransas Pass, TX, 78336 priced at $278,888 converts $2,216/mo rent into $233/mo cash flow after a $1,365/mo obligation. Total monthly income equals $2,216/mo, and annual cash flow totals $2,793/yr on $92,451 invested. Return on cash invested prints 22.93% in year one, and rental yield reads 9.54% against a $278,888 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,052 by year five. Five-year ROI reaches 120.27% and total cumulative return in cash sums $111,188. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,216/mo property income covering a $1,365/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78336, Aransas Pass, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,787 (100%) |
| Owner Occupied HU | 3,803 (56.0%) |
| Renter Occupied HU | 1,535 (22.6%) |
| Vacant Housing Units | 1,449 (21.3%) |
| Median Home Value | $235,091 |
| Average Home Value | $293,169 |
Housing Distribution
Address Breakdown
Residential
5,474
Single Family
4,605
Multi-Family
869
Businesses
382
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Listed by: Dahlia Ruiz • Champion Realty
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #575217
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 Central Texas MLS, All Rights Reserved.