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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 Port Aransas at 256 Flounder Dr, Port Aransas, TX, 78373 priced at $499,900 converts $3,598/mo rent into $10/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,598/mo, and annual cash flow totals $115/yr on $165,717 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 8.64% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 104.51% and total cumulative return in cash sums $173,196. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,598/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2025
3,154 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
| 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 |
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $1038.06 | 1.74% | $80,742 | N/A |
| 2023-04-01 | $1020.34 | 86.89% | $80,742 | 128.57% |
| 2022-04-01 | $545.97 | N/A | $35,325 | N/A |
Listed by: Snookie Morava • Keller Williams Horizons
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #456883
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-04-01 00:52:06 PDT. 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.
